Metaplanet, a Japanese hotel manager, which became Bitcoin of the Treasury, fully repaid bonds worth $ 2 billion ($ 13.5 million) before the schedule, because he tries to enhance his financial situation.
Metaplanet carried out early redemption of its 9th series of ordinary bonds on April 4, more than five months before the date of the maturity, company revealed April 7.
Bonds with zero interest were issued in March via the EVO Metaplanet fund and used to purchase additional Bitcoins (BTC). Since the bonds are carried out by interest, the repayment would not have a significant impact on the fiscal results in 2025.
Source: Metaplanet
Metaplanet, which publicly trades on the Tokyo securities exchange, made Bitcoin in the center of the corporate strategy through a series of acquisitions. The company’s Bitcoin balance has increased to 4206 BTC, which puts it among the 10 best owners in public.
The acquisitions are part of a wider strategy revealed in January, in which the Metaplanet purchase up to 21,000 BTC by the end of 2026. At that time, the company said that it is planning to raise over $ 700 million to aid finance the madness of buying bitcoins.
Related: The price of Metaplanet shares increases by 4800% as BTC piles
CEO comments on the price of Bitcoin
Metaplanet apparently accepted Bitcoin’s volatility, adopted the mentality of buying to gain more digital assets.
At the weekend, the CEO of Metaplanet Simon Gerovich called Bitcoin’s volatility “a natural part of the resource, which is really rare, varied and has long -term potential,” according to the translated version of his post in social media.
Source: Simon Gerovich
The price of Bitcoin is raised as part of the global sale of risk assets resulting from the tariff announcement of the US president Donald Trump “Liberation Day” last week. The BTC price has fallen below USD 80,000 on April 7, according to Cointelegraph Markets Pro.
Bitcoin performance returns wider decreases in American actions, and the Benchmark S&P 500 index lost $ 5 trillion compared to two trade sessions.
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