Metaplanet Drops a Whopping $50M in Bonds on EVO FUND!

Biggest Zero-Interest Bond Play Yet

Hold onto your hats, crypto fans! Metaplanet just flexed its financial muscle by dropping the biggest batch of 0% ordinary bonds ever on EVO FUND, totaling a cool $50 million. That's right, folks, the Japanese investment giant isn't messing around.

Bitcoin Blitz Continues

And guess what they're doing with that cash? You got it—BTC shopping spree! Metaplanet's not stopping until they own a slice of the digital pie. As of May 19, they're sitting pretty with 7,800 BTC, raking in a hefty $846.9 million at today's rates.

Chasing the 10K BTC Dream

CEO Simon Gerovich isn't shy about his goals. He's set his sights on hoarding 10,000 BTC by the end of 2025. With their latest haul of 1,004 BTC, they're now at a solid 78% of that target. Metaplanet's becoming a heavyweight in the Asian Bitcoin scene, and they're not slowing down.

Bond Details That'll Make You Blink

These bonds? They're a wild ride. No interest, and you can cash them in full on November 27 for $1.25 million a pop. But here's the twist—EVO FUND can pull the trigger early, just gotta give Metaplanet a heads-up five business days before they want their money back.

Early Redemption and Future Fundraisers

Want to cash out early? No problem, you can redeem all or part of those bonds. And if Metaplanet decides to hit up EVO FUND for more cash later, the amount they fork over might shift depending on how much they raise.

Multiplier Magic

Here's the kicker: if they raise funds in multiples of $1.25 million—the bond's face value—Metaplanet can redeem that same number of bonds at a dollar-for-dollar rate the very next trading day. It's like a financial magic trick!