Metaplanet Issues $25M in Bonds to Expand Bitcoin Holdings
Tokyo-based Metaplanet (3350) has issued 3.6 billion yen (approximately $24.8 million) in bonds to fund additional Bitcoin (BTC) purchases, as the company’s cryptocurrency holdings surpass 5,000 BTC.
According to a company announcement, the zero-interest bonds were fully subscribed by EVO FUND and are set to mature at par value on October 31, 2025—though early repayment is possible at the bondholder’s discretion.
The capital raised is exclusively allocated for Bitcoin acquisition, aligning with Metaplanet’s previously disclosed strategy involving a series of stock acquisition rights issued earlier this year.
To repay the bonds, Metaplanet plans to use funds generated through the exercise of those stock acquisition rights. This approach effectively ties the repayment timeline to investor demand for the company’s equity-linked offerings. If proceeds exceed specific thresholds, the company may choose to repay the bonds ahead of schedule.
Metaplanet shares rose 8.6% in the latest trading session, closing at 428 yen.
