Metaplanet launches BitBonds with ¥200M private sale

Metaplanet launched a continuous bond issuance program called BitBonds on Aug. 13 and completed its first four private placements, raising about 200 million yen, or roughly $1.3 million. Summary Metaplanet launched BitBonds after completing four private bond sales totaling approximately 200 million yen Thursday. The unsecured senior bonds mature in roughly three years and pay annual interest between 4%–4.3%. Metaplanet Securities distributed the bonds to eligible individuals and companies under Japan’s private placement regime. Future BitBond issuance will depend on funding needs, market conditions and investor demand, Metaplanet said. Metaplanet still holds 43,000 Bitcoin after CEO Simon Gerovich denied selling assets during custody transfers. The Tokyo listed Bitcoin treasury company said in its disclosure that its 21st through 24th series unsecured ordinary bonds carry annual interest rates of about 4% to 4.3% and mature in roughly three years. The bonds were distributed through wholly owned Metaplanet Securities under Japan’s small number private placement framework. Solicitation began in late July and has now closed. Future series will be priced separately according to funding...