Bitcoin treasury company Metaplanet unveils BitBonds with $1.3 million private debt sale

MarketsBitcoin treasury company Metaplanet unveils BitBonds with $1.3 million private debt saleThe inaugural unsecured bonds offer annual interest of up to 4.3%, while exposing investors to metaplanet’s credit and bitcoin-linked balance-sheet risksBy James Van Straten|Edited by Jamie Crawley2 hrs ago1 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowJapanese bitcoin treasury company Metaplanet unveiled a continuous bond issuance program, dubbed “BitBonds,” completing its first sale with four privately placed series worth about 200 million yen ($1.3 million).BitBonds gives Metaplanet a new fixed-rate funding channel alongside shares and equity-linked securities, with future issuance tied to market demand and funding needsThe unsecured, unrated bonds are backed by metaplanet’s overall creditworthiness, leaving investors indirectly exposed to swings in the value of its bitcoin-heavy balance sheet.Japanese bitcoin treasury company Metaplanet (3350) unveiled a continuous bond issuance program, dubbed “BitBonds,” completing its first sale with four privately placed series worth about 200 million yen ($1.3 million).The Tokyo-listed company said the unsecured senior bonds mature in roughly three years and carry annual interest rates of 4% to 4.3%. Solicitation began in late July and has now closed, according to an Aug. 13 disclosure.Metaplanet said BitBonds will sit alongside common stock, equity-linked securities and preferred shares as a core funding channel. Future issuance will depend on funding needs, market conditions and investor demand, with the company eventually considering registered public offerings.Unlike Metaplanet shares, which tend to reflect changes in the value of its bitcoin holdings, the bonds offer fixed interest and principal repayment based on the company’s creditworthiness. However, they are unsecured, unrated and not principal-protected, while the issuer’s financial posit…

Bitcoin treasury company Metaplanet unveils BitBonds with $1.3 million private debt sale

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