Metaplanet Reports No October Exercises of Rights Funding Bitcoin Plan
Photo: TokenPost
Metaplanet Inc.'s ¥33.422 billion planned Bitcoin (BTC) purchase allocation remains tied to future stock-rights proceeds after no 27th Series rights were exercised and no shares were delivered in October. The company repaid ¥8 billion of its 20th Series ordinary bonds to EVO FUND on Monday, Nov. 2, using cash on hand. The bonds were scheduled to mature April 23, 2027, and carried no interest. Metaplanet had previously planned to use proceeds from its 27th Series stock acquisition rights for that repayment.
Source: TokenPost
