Metaplanet repurposed funds 4 billion yen, partly to service debt

According to the announcement of Metaplanet, the company raised 4 billion yen through the sixth ordinary bond (0% interest rate, no guarantee, no guarantee), and adjusted the original use of funds.
Use of funds before adjustment:
111.313 billion yen for bitcoin purchases
5 billion yen for bitcoin revenue business
After adjustment, the use of funds:
• 4 billion yen for bond repayment (February to August 2025)
• 107.313 billion yen for bitcoin purchases (February 2025 to February 2027)
• 5 billion yen for bitcoin earnings business (February to December 2025)
The company said the move is designed to optimize fund management, reduce foreign exchange and interest rate risk, and maintain bitcoin as a core reserve asset.