EVO FUND
Coverage of EVO FUND in the Nexus archive.
- Metaplanet’s Bitcoin Japan Announces Plan to Scoop Up Coins Despite Market Downturn
Bitcoin Japan, a subsidiary of Metaplanet, has raised $59.5 million via a convertible bond deal to purchase Bitcoin for its treasury, allocating $4 million for its first transaction. Metaplanet, which holds 43,000 Bitcoin worth $2.8 billion, aims to expand its crypto holdings despite Bitcoin's price slump and stock market declines. Japan is also advancing regulations to classify cryptocurrency as a financial asset.
- Bitcoin Japan, which holds no bitcoin, taps EVO Fund in planned $60 million raise to finally buy some
Bitcoin Japan, which currently holds no bitcoin, plans to raise $60 million through the EVO Fund to acquire bitcoin. A prior December fundraising effort instead funded investments in SpaceX and Figure AI, described as the company's two AI infrastructure investments to date.
- Metaplanet Issues $50M in Zero-Interest Bonds to Buy More Bitcoin
Metaplanet issued ¥8 billion ($50 million) in zero-interest bonds to expand its Bitcoin holdings, aiming to reach 100,000 BTC by 2026 and 210,000 BTC by 2027. The company, Japan's largest corporate Bitcoin holder, plans to use proceeds for additional purchases, with current holdings valued at $3.1 billion.
- Metaplanet raises $50M in zero-interest bonds to buy more Bitcoin
Metaplanet secured $50 million through zero-interest bonds issued by EVO FUND to expand its Bitcoin treasury, continuing its strategy of accumulating Bitcoin via capital markets.