Metaplanet and K33 Deepen Bitcoin (BTC) Exposure With Strategic Initiatives

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Bitcoin Bonanza: How Two Companies Are Going Bananas! 🍌💰

Once upon a time in the land of the rising sun, a cheeky little company named Metaplanet decided it was time to gobble up some Bitcoin. So, what did they do? They waved their magic wand and poof! Issued a whopping $21 million in interest-free bonds to the Evo Fund on May 29. Just a day before, they had already raised a staggering $50 million! Talk about a busy week! 🎩✨

Now, these fancy zero-coupon bonds, known as the 17th series (because who doesn’t love a good series?), come with a face value of $525,000 and are set to mature on November 28, 2025. But here’s the kicker: they don’t pay a single cent in interest! That’s right, folks! Metaplanet is avoiding those pesky financial costs like a cat dodging a bath! 🐱💦

Metaplanet’s Bitcoin Treasure Hunt

According to the top-secret document (which was probably written on a napkin), the terms allow the Evo Fund to redeem these bonds early with just a five-day notice. They can redeem the whole shebang or just a slice of $525,000. And guess what? These bonds are as unsecured as a toddler in a candy store—no guarantees, no administrators, just pure Japanese corporate law magic! 🎩✨

This fundraising escapade is all part of Metaplanet’s grand plan to hoard 10,000 BTC by the end of 2025. So far this year, they’ve raised a jaw-dropping $135.2 million! That’s more than enough to buy a small island or two! 🏝️💸

With about 7,800 BTC in their treasure chest, worth around $840 million, Metaplanet is strutting its stuff as the 11th biggest corporate Bitcoin hoarder in the world. They’ve been snatching up BTC at an average price of $91,340 each. In March, they even used some clever cash-secured put options to snag 696 BTC, followed by another 145 BTC in April for a cool $13.6 million. Talk about a shopping spree! 🛒💰

But wait! Metaplanet isn’t the only one playing the Bitcoin game. Over in Scandinavia, K33 is also jumping on the Bitcoin bandwagon! 🚀

K33’s Bitcoin Adventure

K33, the Oslo-based cryptocurrency brokerage, has decided it’s time to join the Bitcoin party! They announced plans to start holding Bitcoin on their balance sheet after raising 60 million SEK (that’s about $6.22 million for those who don’t speak Swedish). They secured this funding through interest-free convertible loans and a new round of share and warrant issuances. Sounds fancy, doesn’t it? 🎩💼

And here’s the juicy part: 100% of those funds will be used to buy Bitcoin! They might even snag up to 57 BTC at current prices. K33 secured 45 million SEK ($4.66 million) through loans maturing in June 2028, and another 15 million SEK ($1.5 million) via equity and warrants. If investors convert their warrants before March 2026, they’ll get even more free warrants! It’s like a never-ending candy jar! 🍬💰

In their Q1 financial update, CEO Bull Jenssen (yes, that’s his real name!) said K33 is teaming up with other Nordic Bitcoin treasury firms to create some snazzy Bitcoin-based services, including collateralized lending. Who knew Bitcoin could be so much fun? 🎉💸

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2025-05-31 00:40