Metaplanet Launches ¥2 Billion Zero-Interest Bond to Fund Bitcoin Purchases
Metaplanet Inc. is making significant strides in the cryptocurrency space, having announced on March 18 that it issued ¥2 billion (approximately $13.3 million) in zero-interest ordinary bonds to bolster its Bitcoin reserves. This move is part of the company’s ongoing strategy to solidify its position as a major player in the digital asset market.
Bond Issuance Details
In its official announcement, Metaplanet detailed that this issuance represents the 9th series of ordinary bonds, specifically designated for its EVO FUND. Each bond within this series holds a face value of ¥50 million. As they bear no interest, these bonds will be redeemed at their face value on September 17, 2025, with an option for early redemption available to bondholders with prior notice. Furthermore, the firm has the provision to redeem portions of these bonds, contingent upon the success of its stock acquisition rights program.
This bond issuance follows closely on the heels of a previous bond sale on March 12 that raised an equivalent amount for further Bitcoin investments.
Expansion of Bitcoin Holdings
In conjunction with the bond issuance, Metaplanet revealed that it acquired an additional 150 BTC for about $12.5 million, at an average purchase price of $83,508 per Bitcoin, raising its total holdings to 3,200 BTC. The firm’s total Bitcoin reserves have been acquired for approximately $266.2 million and are currently valued near $265.9 million in the market.
Utilizing a performance metric called Bitcoin Yield (BTC Yield), the company reported a notable yield of 60.8% between January 1 and March 18, 2025, highlighting the effectiveness of its Bitcoin accumulation strategy.
The latest BTC purchase is part of a series of aggressive acquisitions by Metaplanet. Just last week, the firm bolstered its holdings with the purchase of 162 BTC for around $13.5 million, and prior to that, it acquired 497 BTC for $43.9 million earlier in March. Additional transactions included acquiring 156 BTC for $13.4 million and 68 BTC for $6.6 million in February.
Metaplanet’s CEO Simon Gerovich has ambitious plans, aiming for a total of 10,000 BTC by the end of this year and 21,000 BTC by the close of 2026. Despite a recent dip in stock value, closing down 0.49% at ¥4,030, Metaplanet’s shares have surged 12.73% year-to-date and an astounding 1,819% over the past twelve months.
On the same day as the bond announcement, Metaplanet also achieved a significant milestone by surpassing Boyaa Interactive International to become Asia’s largest corporate Bitcoin holder. Globally, the firm now claims the 12th position in Bitcoin holdings, underscoring its aggressive growth strategy in the digital currency arena.
For more details on Metaplanet’s initiatives and updates, refer to their official announcements available on X and their recent financial disclosures here.
