Metaplanet, a Japanese hotel manager replaced Bitcoin Treasury Company, completely repaid the bond of 2 billion yen ($ 13.5 million) before the schedule as it wants to sideline its financial position.
Metaplanet made an initial redemption of its 9th series of ordinary bonds on 4 April, five months before the date of maturity, the company exposure On 7 April.
Zero-Bond Bonds were released in March through EVO funds of Metaplanet and used to acquire additional bitcoins (BTCs). Since bonds carry zero interest, repayment said that the company will not have a physical impact on the fiscal 2025 results.
Source: Metaplanet
Metaplanet, which publicly trades into the Tokyo Stock Exchange, has made bitcoin the center of its corporate strategy through a series of acquisitions. The company’s bitcoin balance has reached 4,206 BTC, it has been placed between the top 10 trading publicly.
The acquisitions are part of a comprehensive strategy stated in January that can buy Metaplanet up to 21,000 BTC by the end of 2026. At that time, the company said that it planned to raise more than $ 700 million to help in the competition to buy its bitcoin.
Connected: The price of the Metaplanet stock as a company stack BTC increases by 4,800%
CEO comment on bitcoin price action
Metaplanet has embraced the volatility of bitcoin, adopting a purchase-dip-mentality to acquire more digital assets.
Over the weekend, Metaplanet CEO Simon Gerovich called the instability of bitcoin “a natural part of a property that is really rare, diverse, and long -term capacity,” according to a translated version of their social media posts.
Source: Simon Gerovich
The price of bitcoin is under pressure last week as part of global sales in the risky assets arising from US President Donald Trump’s “Liberation Day” tariff declaration. According to Cointelegraph Markets Pro, the BTC price fell below $ 80,000 on 7 April.
Bitcoin performance declines widespread in US shares, with a benchmark S&P 500 index, two trading sessions lose $ 5 trillion.
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