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Metaplanet Repays ¥8B Bond Early, Redirects Funds to Bitcoin Purchases

Metaplanet said it fully repaid its 20th series ordinary bond to EVO FUND ahead of schedule, returning the ¥8 billion principal originally due in April 2027. The company also shifted the use of proceeds from its 27th stock acquisition rights, reallocating the ¥8 billion previously earmarked for bond repayment to bitcoin purchases, raising that allocation to ¥33.422 billion from ¥25.422 billion. The planned amount for its bitcoin income business remains ¥3.714 billion.

Original source

AI take

Metaplanet is effectively converting a fixed, dated liability into bitcoin exposure, retiring the bond early and re-routing the same ¥8 billion into its treasury strategy. That signals balance-sheet confidence and a deliberate preference for BTC over deleveraging, which matters most for holders tracking the company as a listed proxy and for counterparties like EVO FUND. The open question is whether this reallocation pattern continues as further stock acquisition rights are exercised, and how the bitcoin income business allocation, held steady here, evolves alongside it.

Generated by AI for reference only.

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