TLDR
- Metaplanet Inc. has issued its 9th series of zero-interest bonds worth 2 billion yen ($13.4 million) to EVO FUND to purchase Bitcoin
- The company recently acquired 150 BTC worth around $12.5 million, bringing their total holdings to 3,200 BTC ($265 million)
- Metaplanet is now the 10th largest BTC-holding public entity according to bitcointreasuries.net
- The bonds will be redeemed in full on September 17, 2025, with EVO FUND having the option for early redemption
- The company continues to build its Bitcoin reserves during the recent price correction, with BTC trading around $83,300
Japanese investment firm Metaplanet Inc. has announced the issuance of its 9th series of zero-interest bonds worth 2 billion yen ($13.4 million) to EVO FUND. The Tokyo-based company plans to use the proceeds to purchase more Bitcoin as part of its ongoing strategy to grow its cryptocurrency holdings.
The announcement came on March 18, 2025, following a decision made at the company’s board of directors meeting. This marks Metaplanet’s ninth issuance of ordinary bonds overall, continuing its pattern of using bond issuances to fund Bitcoin acquisitions.
*Metaplanet Issues 2 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/RhXoSZD3bw
— Metaplanet Inc. (@Metaplanet_JP) March 18, 2025
According to the company’s notice to shareholders, the bonds carry no interest and will be redeemed in full on September 17, 2025. EVO FUND will serve as the sole bondholder for this issuance, similar to previous arrangements.
The bondholder has been granted the option to redeem the bonds before the redemption date. This can be done by providing written notice to Metaplanet at least one business day before the desired date, with the option to redeem all or part of the outstanding bonds.
Metaplanet plans to fund the redemption through proceeds from their 14th to 17th Series of Stock Acquisition Rights. The company expects to exercise these rights as needed to meet its financial obligations.
The bonds were issued without any guarantee or collateral. Despite the announcement, Metaplanet’s shares dipped by nearly 0.5% to a price of 4,030 yen according to recent market data.
With the latest bond issuance, Metaplanet has used some of the proceeds to purchase 150 BTC worth around $12.5 million. This purchase aligns with the company’s strategy of buying Bitcoin during price corrections.
Bitcoin Price
Currently, Bitcoin is trading around $83,300, which is about 24% below the record high reached in January 2025. This dip in price has created buying opportunities for companies like Metaplanet who are looking to increase their cryptocurrency reserves.
BTC Price
Just a week before this announcement, Metaplanet reported buying 162 BTC for $13.5 million. That purchase was made at an average price of $83,123 per Bitcoin, showing the company’s consistent approach to accumulating the digital asset.
Following these recent acquisitions, Metaplanet now holds a total of 3,200 BTC. This Bitcoin reserve is worth approximately $265 million at current market prices, making Metaplanet the 10th largest BTC-holding public entity according to bitcointreasuries.net.
The company has been steadily building its Bitcoin holdings since April 2024. That’s when Metaplanet launched its own Bitcoin Treasury Operations as part of its investment strategy.
Metaplanet operates in the financial industry, focusing on innovative financial instruments and investment strategies. The company has become known for its involvement in cryptocurrency investments and strategic financial operations in the Japanese market.
The investment firm’s year-to-date price performance shows a 9.20% increase. Metaplanet has an average trading volume of 4,346,037 shares and a current market capitalization of 164.7 billion yen.
According to technical sentiment consensus ratings, Metaplanet stock currently has a “Sell” rating. However, the company has stated that these bond issuances are expected to have minimal impact on its financial results for the fiscal year ending December 2025.
These regular bond issuances have become a standard practice for Metaplanet as it continues to expand its Bitcoin portfolio. The company appears to be taking advantage of market conditions to strategically increase its cryptocurrency holdings over time.
