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Metaplanet Inc. plans to issue ¥5.0 billion ($31.9 million) in ordinary bonds to accelerate its Bitcoin buys. The company announced this in a December 20 post on X, adding that the repayment will be made from exercising its 12th series stock acquisition rights. Details of the 5th Series Ordinary Bonds In a separate post , Metaplanet CEO Simon Gerovich said the money accrued from the offering will be used to push forward the buying of BTC initially planned for 2025 to before the end of 2024. “These funds will accelerate Bitcoin purchases originally planned for 2025 into the current year.” The bond issuance consists of ¥5 billion in total, divided into units of ¥250 million each. The offering will carry no interest and be redeemed at face value, with each bond worth 100 yen per 100 yen principal amount. The scheduled issuance date is December 20, 2024, with the maturity date set for June 16, 2025. The entire security will be allocated to EVO FUND, a private investment entity, and will be subject to redemption provisions. Further, the bonds can be redeemed early if EVO FUND gives written notice at least one business day in advance or if funds from the exercise of the Tokyo-listed firm’s 12th series stock acquisition rights reach a specified threshold. This development follows Metaplanet’s announcement on December 17, 2024, of a separate ¥4.5 billion ($28.7 million) bond issuance that will also mature on June 16, 2025. It means that in just a few days, the company has raised a total of ¥9.5 billion, or about $60.6 million. Bitcoin-Centred Approach Metaplanet’s Bitcoin-centred approach aligns with its strategic focus on adopting the asset as a hedge against economic instability. In June 2024, it acquired 23.351 BTC for approximately $1.6 million, followed by 42.4 BTC for $2.4 million, bringing its total holdings to 203.7 BTC. The company continued to increase its holdings, purchasing 57.273 BTC for $3.4 million and 106.976 BTC worth $6.6 million in October. Additionally, it made a significant purchase of 156.7 BTC in October, valued at $10.4 million. In addition to its buying strategy, the Japanese investment firm recently established a new Bitcoin treasury operations business line. This division will focus on purchasing, holding, and managing the cryptocurrency through various financial instruments, including loans, equity issuances, and convertible bonds. According to BitcoinTreasuries data, as of December 20, 2024, the outfit holds 1,142 BTC, valued at approximately $109.6 million. Its stock has also seen remarkable growth, with shares trading at ¥3,575, reflecting a 58.05% increase in the past month and a 2,134.38% rise year-to-date, based on data from Google Finance. The post Metaplanet Accelerates Bitcoin Acquisition With New $31M Bond Issuance appeared first on CryptoPotato .
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Electric Elon Musk (ELECMUSK) Solana Memecoin Will Explode 18,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag
Electric Elon Musk could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Electric Elon Musk (ELECMUSK), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because ELECMUSK is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Electric Elon Musk can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Electric Elon Musk could become the next viral memecoin. Electric Elon Musk launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Electric Elon Musk on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Electric Elon Musk by entering its contract address – GLb1x7V9aav8iRjsxgG5UXdxLdk7YkrkcnKYByr542UD – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like ELECMUSK. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. Crypto Potato
Brazilian Senate Schedules Crypto Market Session for 2025
The Brazilian Senate scheduled a meeting to discuss the future and possibilities of crypto markets in 2025. The meeting will debate the opportunities and challenges that the adoption of these presents for the Brazilian state. Multi-Partisan Group Proposed to Discuss Crypto in the Brazilian Senate Next Year Crypto is becoming a common subject in legislative Crypto Potato
