Metaplanet Issues Ordinary Bonds To Power Bitcoin Purchases

According to a disclosure on X, Metaplanet has issued 3.6 billion JPY ($23 million) in ordinary bonds to expand its Bitcoin cache.

Tokyo-based company Metaplanet is reportedly planning to use the funds from its latest bond issuance to buy more Bitcoin.

According to a statement on X, Metaplanet has secured 3.6 billion JPY ($23 million) from the issuance of 12th series ordinary bonds. The company says it will allocate the funds toward BTC purchases.

The new bonds will not bear interest and will be redeemable at face value at the end of October 2025. They are guaranteed by the company’s assets.

"The purpose of the use of proceeds from this issuance is to purchase Bitcoin, and the decision to issue the bonds was made by the Board of Directors at a meeting today," reads the statement.

The company is also setting its sights on increasing its Bitcoin holdings in the coming days. Earlier this week, Metaplanet brought in David Bailey to join its Strategic Board of Advisors, alongside Eric Trump.

The company also announced the launch of a new US subsidiary, which will be based in Florida. According to Metaplanet, the US launch will provide it with access to deeper institutional pools to fund more Bitcoin purchases.

Launched with $250 million in operating capital, the new US entity can purchase up to 2,777 BTC.

At current prices, Metaplanet can purchase around 250 BTC with the funds from its latest bond issuance.

The company is aiming to reach 10,000 BTC by the end of 2025 with an aggressive accumulation spree putting the firm on track to achieve its goal.

Earlier this week, Metaplanet reached the 5,000 Bitcoin mark after buying 145 BTC in late April.

At the start of the year, company chairman Haruki Mada stated that Metaplanet aims to become a "Bitcoin mining company in the true sense of the word."

The company currently has no active involvement in Bitcoin mining but is exploring opportunities in this domain.

Metaplanet and Microstrategy have reportedly gained over $5.1 billion from their combined Bitcoin treasury strategy in 2025. However, Metaplanet has raked in $200 million in paper gains from its Q1 BTC accumulation, stoking enthusiasm for bigger purchases.

The gains follow the rise of Bitcoin price in recent days, with BTC inching toward $100K. Bitcoin has risen to $97K in a rally that sees BTC climb by over 4% in the last seven days.