Key Takeaways
- Metaplanet issued $25 million in zero-interest bonds to purchase more Bitcoin.
- The bonds will be repaid using proceeds from future stock acquisition rights.
- The company now holds over 5,000 BTC and its stock has risen 1,428.5% in a year.
Tokyo-based Metaplanet has issued ¥3.6 billion (approximately $24.8 million) in bonds to fund its continued accumulation of Bitcoin.
The zero-interest bonds, sold entirely to EVO FUND, will mature on October 31, 2025, though they may be repaid earlier at the bondholder’s request.
Bitcoin acquisition strategy
The funds are dedicated to purchasing additional Bitcoin, aligning with Metaplanet’s goal of acquiring 10,000 BTC by the end of 2025.
The firm currently holds more than 5,000 BTC, valued at over $484 million, after acquiring 319 BTC in April for $26.3 million.
Repayment plan
The company plans to repay the bonds using capital raised through stock acquisition rights, which were outlined in an earlier strategic plan.
If those equity-linked instruments generate sufficient proceeds, Metaplanet may choose to repay the bonds early.
Stock performance
The company’s stock (3350.T) closed at ¥428 on the last trading day, up 8.6%, as investor confidence in its Bitcoin-focused strategy remains strong.
Since launching its BTC acquisition strategy in 2024, Metaplanet’s stock has surged over 1,428.5% in one year.
Strategic positioning
Metaplanet’s move mirrors actions taken by other major firms expanding their Bitcoin exposure, as it aims to strengthen its presence in the digital asset economy.
