Metaplanet issued its 14th regular bond series, raising $21.25 million to fund additional Bitcoin (BTC) purchases to help the company deepen its strategic pivot on its digital assets.
The bond was approved at the board meeting on May 9th and was fully subscribed by the EVO Fund, according to a regulatory filing.
Notes are configured as zero coupon devices that are of no interest. Each bond has a face value of $625,000 and will be fully redeemed on November 7th, 2025.
The bondholder reserves the right to request early redemption on one business day notice, but Metaplanet may also cause partial redemption if it receives comparable revenues from its 15th and 16th Series Share Acquisition Rights.
Metaplanet confirmed that the proceeds will be used to acquire Bitcoin and will be acquired in line with the January 28 filing detailing the multi-series funding and stock acquisition strategy.
No bond managers will be appointed under the Japanese Business Act, as bonds are not guaranteed without security and the issuance meets certain legal exemptions.
Bitcoin Holdings has reached $480 million
This week, Metaplanet acquired an additional 555 BTC for around $53.4 million, bringing its total Bitcoin holdings of 5,555 BTC.
The company’s cumulative investments currently totaled $481.5 million, with an average purchase price of $86,672 per Bitcoin. These holdings are Metaplanet’s largest public Bitcoin holder in Asia, the ninth largest in the world, surpassing several US companies of the world.
The company’s stock is driven primarily by investor optimism over its digital asset strategy, and has grown by more than 2,200% since adopting Bitcoin standards last year. We aim to accumulate 10,000 Bitcoins by the end of this year.
Metaplanet has also announced plans to expand capital access by establishing a US subsidiary, Metaplanet Treasury, in Florida. The entity is expected to raise up to $250 million to support its Bitcoin acquisition and global expansion.
Despite the size of the new bond issuance, Metaplanet said the move is expected to have a minimal impact on the consolidated financial results for the fiscal year ending in December. The company has committed to providing updates in the event of critical developments.
Metaplanet’s aggressive Bitcoin strategy reflects a wider trend among companies adopting digital assets as part of the Treasury Reserve. This is a shift that continues to restructure capital management practices around the world.