Metaplanet to Issue $13.506M Zero-Coupon Bonds to Increase Bitcoin Holdings

BlockBeats News, on March 12, Japanese publicly traded company Metaplanet announced that it will issue a ¥2 billion (approximately $13.506 million) zero-coupon convertible bond to increase its Bitcoin holdings. The bond will have a face value of ¥50 million per bond, is set to be fully redeemed on September 11, 2025, and allows bondholders to redeem it early.