TLDR
- Metaplanet issued ¥2 billion ($13.35-13.4 million) in 0% ordinary bonds to EVO FUND to purchase more Bitcoin
- This marks the ninth issuance of ordinary bonds by the Japanese investment firm
- The bonds can be redeemed in full on September 17, 2025, with EVO FUND having early redemption options
- Metaplanet recently purchased 150-162 BTC, bringing their total holdings to approximately 3,200 BTC
- Metaplanet now ranks as the 10th-largest BTC-holding public entity according to bitcointreasuries.net
Metaplanet, a Tokyo-based investment firm, has issued ¥2 billion ($13.35-13.4 million) in zero-interest ordinary bonds to EVO FUND for the purpose of buying more Bitcoin. This move comes as part of the company’s ongoing strategy to grow its Bitcoin treasury operations.
The bond issuance was announced in a regulatory filing on March 18, 2025. It represents the ninth time Metaplanet has issued ordinary bonds overall.
These bonds carry no interest and can be redeemed in full on September 17, 2025. The redemption will be at ¥100 per ¥100 of the bonds’ face value.
*Metaplanet Issues 2 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/RhXoSZD3bw
— Metaplanet Inc. (@Metaplanet_JP) March 18, 2025
EVO FUND, the sole bondholder, has been granted the option to redeem the bonds before the redemption date. This can be done by providing a written notice to Metaplanet at least one business day before the desired date.
The redemption funds will come from the proceeds of Metaplanet’s 14th to 17th Series of Stock Acquisition Rights. The company expects to exercise these rights in the coming months.
No guarantee or collateral is attached to the bonds. The bond issuance will be fully allocated to EVO FUND.
This is not the first time Metaplanet has issued bonds to purchase Bitcoin. On February 27, the firm issued ordinary bonds to EVO FUND for the same amount of ¥2 billion, which were worth $13.6 million at that time.
Metaplanet has been steadily acquiring Bitcoin since April 2024. This is when the firm launched its own Bitcoin Treasury Operations.
Most recently on March 12, Metaplanet purchased 162 BTC. Other reports indicate a purchase of 150 BTC worth around $12.5 million.
Total Bitcoin holdings to approximately 3,200 BTC
These purchases have brought Metaplanet’s total Bitcoin holdings to approximately 3,200 BTC. This amount is equal to over $265 million at current market prices.
The timing of these purchases coincides with a price correction in Bitcoin. The cryptocurrency is currently trading around $83,300, which is about 24% below the record high reached in January.
Metaplanet’s Bitcoin holdings now make it the 10th-largest BTC-holding public entity. This ranking comes from bitcointreasuries.net, a website that tracks corporate Bitcoin holdings.
Despite the bond issuance news, Metaplanet’s shares dipped by nearly 0.5% to a price of ¥4,030. This price information was reported by Google Finance.
The continued investment in Bitcoin demonstrates Metaplanet’s commitment to becoming one of the largest corporate Bitcoin holders in Asia. The firm appears to be taking advantage of the recent price dip to add to its holdings.
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