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Metaplanet KK ( (JP:3350) ) has issued an update.
Metaplanet Inc. has decided to issue its 20th series of ordinary bonds, totaling JPY 8 billion, in a private placement to EVO FUND. The zero-coupon bonds, which carry no collateral or guarantee, will be redeemed at par by April 23, 2027, with provisions allowing EVO FUND to request early redemption under specified conditions.
The company plans to allocate all proceeds from the bond issuance to the acquisition of Bitcoin, reinforcing its strategy of building crypto assets on its balance sheet. Metaplanet expects the transaction to have only a minimal impact on its consolidated financial results for the fiscal year ending December 2026, though it may update investors if material effects emerge.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen901.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
More about Metaplanet KK
Metaplanet Inc. is a Japan-based company listed on the TSE Standard market under code 3350. The company is increasingly positioning itself as a corporate holder of Bitcoin, using capital market instruments to raise funds dedicated to acquiring the cryptocurrency as part of its treasury and strategic asset management approach.
Average Trading Volume: 25,934,839
Technical Sentiment Signal: Hold
Current Market Cap: Yen431.9B
Find detailed analytics on 3350 stock on TipRanks’ Stock Analysis page.