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Cryptocurrency News Articles

Metaplanet Inc. (TYO:3350) Raises $25M via Zero-Coupon Bonds to Purchase 555 BTC

May 07, 2025 at 12:05 pm

Metaplanet Inc. Purchased additional 555 Bitcoins after raising $25 million by issuing zero-coupon bonds to EVO FUND

Metaplanet Inc. (TYO:3350) Raises $25M via Zero-Coupon Bonds to Purchase 555 BTC

Shares of Metaplanet Inc (TYO:3350) jumped 13.32% on Friday, responding to the company's bold Bitcoin acquisition strategy. By 12:45 PM JST, the stock closed at ¥485, opening at ¥483 and briefly touching a high of ¥502.

The company purchased additional 555 Bitcoins after raising $25 million by issuing zero-coupon bonds on Friday. These bonds, sold to EVO FUND, carry no interest and were fully used to buy more Bitcoin.

Metaplanet had acquired 555 BTC for ~$53.4 million at ~$96,134 per bitcoin and had achieved BTC Yield of 136.7% YTD 2025. As of 5/7/25, we hold 5555 $BTC acquired for ~$481.5 million at ~$86,672 per bitcoin. pic.twitter.com/XLTiVNyY81

This latest acquisition brings Metaplanet's total Bitcoin holdings to 5,555, acquired for approximately $481.5 million at an average cost basis of $86,672 per Bitcoin. The zero-coupon bonds are set to mature on November 6, 2025, with provisions for early redemption based on specific conditions.

By issuing bonds without interest, Metaplanet effectively minimizes capital costs while maximizing its exposure to Bitcoin in this uncharted market.

This move further cements Metaplanet's position as Japan's premier Bitcoin-focused public company, highlighting its commitment to leveraging innovative financing strategies to drive shareholder value in the evolving digital asset landscape.

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Other articles published on May 08, 2025