Metaplanet Issues 2 Billion JPY in Bonds for Bitcoin Purchases
Metaplanet Inc. (TYO: 3350) is advancing its Bitcoin purchase strategy by issuing its 7th Series of Ordinary Bonds, raising 2 billion JPY (approximately $13.6 million) for further Bitcoin acquisitions.
Bond Issuance Details
- Bonds are interest-free and redeemable at face value on August 26.
- Bondholders can request early redemption with prior written notice.
- Redemption funds will come from proceeds of Stock Acquisition Rights from previous series.
- No collateral or guarantees attached to the bonds.
- Full issuance allocated to the EVO FUND.
Despite this issuance, Metaplanet's stock price dropped nearly 20% to 4,010 JPY, coinciding with a downturn in the cryptocurrency market. Bitcoin fell 2.06%, trading at $86,488, while leading altcoins also experienced declines.
Commitment to Bitcoin
- Two days prior, Metaplanet added 135 BTC to its treasury.
- The firm has accumulated approximately 2,100 BTC, achieving 10% of its 2026 target.
- BTC Yield per share grew by 309.8% in Q4 2024 but slowed to 23.2% in early 2025 due to increased share count.
Metaplanet continues to position itself as a significant corporate investor in Bitcoin, following strategies similar to other major players in the market.