Metaplanet Issues 3.6 Billion Yen Bonds to Buy More Bitcoin

Japanese investment firm Metaplanet announced that it was issuing bonds for 3.6 billion yen (about $24.8 million) to buy additional Bitcoin.

According to a statement by Metaplanet, its Board of Directors met on May 2, 2025, and resolved to issue the 12th Series of Ordinary Bonds to EVO FUND, a professional investment fund.

The bonds will be repaid at their nominal value on the maturity date of October 31, 2025.

However, the bondholder can request early redemption, either in full or in part, by submitting a written notice to Metaplanet no later than one business day prior to the desired redemption date.

To carry out early redemption in full or in part, the bondholder must notify the company at least one business day in advance of the desired redemption date.

The company plans to use the funds raised from the bond issuance to expand its Bitcoin holdings and work towards its goal of accumulating 100,000 BTC by year-end.

Currently, the firm has surpassed the 5,000 BTC milestone.

In a notice to investors, Metaplanet stated that the funds for redeeming these bonds are expected to come from the proceeds generated through the exercise of the 15th to 17th series of stock acquisition rights.

This provision indicates that the bond’s redemption will depend on investor demand for Metaplanet’s equity-linked securities. If the proceeds from these rights exceed the specified thresholds, Metaplanet may choose to initiate partial early bond repayments.

In the most recent trading session, Metaplanet’s shares closed at 428 yen, reflecting an 8.6% increase.

At the time of reporting, Metaplanet has not yet disclosed whether the funds raised from the bond issuance have been used to purchase additional Bitcoin units.

Recently, Metaplanet announced the addition of David Bailey, the CEO of BTC Inc., to its advisory board. This move is part of the company’s strategy to drive Bitcoin adoption and solidify its position as a leading player in the Bitcoin ecosystem.

On April 14, Metaplanet confirmed that it had acquired an additional 145 Bitcoin units for $13.6 million at the time of purchase.

The growing trend of companies increasing their Bitcoin holdings is becoming more evident by the day. Semler Scientific, for example, recently acquired 165 Bitcoin for $15.7 million between April 25 and 29.

This brings the company’s total Bitcoin holdings to 3,467 BTC.