Metaplanet issued its 14th Series of Ordinary Bonds, raising $21.25 million to fund additional Bitcoin (BTC) purchases

Metaplanet issued its 14th Series of Ordinary Bonds, raising $21.25 million to fund additional Bitcoin (BTC) purchases as the company deepens its strategic pivot

Japanese trading house Metaplanet has issued its 14th Series of Ordinary Bonds, raising $21.25 million to fund further Bitcoin (BTC) purchases as part of its broader digital asset strategy.

The bonds were approved at a board meeting on May 9 and fully subscribed by EVO FUND, according to a regulatory filing.

The notes will be structured as zero-coupon instruments with no interest. Each bond carries a face value of $625,000 and will be redeemed in full on Nov. 7, 2025.

Bondholders will retain the right to request early redemption with one business day’s notice, while Metaplanet can also trigger partial redemptions if it receives equivalent proceeds from its 15th and 16th Series Stock Acquisition Rights.

Metaplanet confirmed that the proceeds will be used to acquire Bitcoin, aligning with a Jan. 28 filing that outlined its multi-series financing and stock acquisition strategy.

The bonds are unsecured and non-guaranteed, and no bond administrator will be appointed under Japan’s Companies Act, as the issuance meets specific legal exemptions.

Bitcoin holdings hit $480 million

Earlier this week, Metaplanet disclosed the purchase of an additional 555 BTC at an average price of about $53.4 million.

With this new acquisition, Metaplanet’s total Bitcoin holdings have reached 5,555 BTC, valued at approximately $481.5 million, at an average purchase price of $86,672 per Bitcoin.

This makes Metaplanet the largest public Bitcoin holder in Asia and the 9th largest globally, surpassing multiple US firms in scale.

The company’s stock has surged over 2,200% since adopting the Bitcoin standard last year, largely driven by investor enthusiasm for its digital asset strategy. It aims to accumulate 10,000 Bitcoin by the end of this year.

Moreover, Metaplanet announced plans to establish a US-based subsidiary, Metaplanet Treasury, in Florida to expand its capital access. The entity is expected to raise up to $250 million to support further Bitcoin acquisitions and global expansion.

Despite the scale of the new bond issuance, the move is expected to have minimal impact on Metaplanet’s consolidated financial results for the fiscal year ending December. The company will provide updates should any material developments occur.

Metaplanet’s aggressive Bitcoin strategy reflects a broader trend among corporations adopting digital assets as part of their treasury reserves, a shift that continues to reshape capital management practices around the world.Mentioned in this article