Metaplanet issued its 14th Sequence of Bizarre Bonds, elevating $21.25 million to fund further Bitcoin (BTC) purchases as the corporate deepens its strategic pivot towards digital property.
The bonds have been authorised at a board assembly on Might 9 and totally subscribed by EVO FUND, in keeping with the regulatory submitting.
The notes will likely be structured as zero-coupon devices with no curiosity. Every bond carries a face worth of $625,000 and will likely be redeemed in full on Nov. 7, 2025.
Bondholders will retain the suitable to request early redemption with one enterprise day’s discover, whereas Metaplanet also can set off partial redemptions if it receives equal proceeds from its fifteenth and sixteenth Sequence Inventory Acquisition Rights.
Metaplanet confirmed that the proceeds will likely be used to accumulate Bitcoin, in keeping with a Jan. 28 submitting that detailed its multi-series financing and inventory acquisition technique.
The bonds are unsecured and non-guaranteed, and no bond administrator will likely be appointed beneath Japan’s Firms Act, because the issuance meets particular authorized exemptions.
Bitcoin holdings hit $480 million
This week, Metaplanet acquired an extra 555 BTC for about $53.4 million, bringing its complete Bitcoin holdings to five,555 BTC.
The corporate’s cumulative funding now totals $481.5 million, with a mean buy worth of $86,672 per Bitcoin. These holdings make Metaplanet the biggest public Bitcoin holder in Asia and the ninth largest globally, surpassing a number of US corporations in scale.
The corporate’s inventory has rallied over 2,200% because it adopted the Bitcoin normal final yr, primarily pushed by investor optimism over its digital asset technique. It goals to build up 10,000 Bitcoin by the top of this yr.
Metaplanet additionally introduced plans to ascertain a US-based subsidiary, Metaplanet Treasury, in Florida to develop its capital entry. The entity is anticipated to boost as much as $250 million to assist additional Bitcoin acquisitions and world enlargement.
Regardless of the size of the brand new bond issuance, Metaplanet acknowledged the transfer is anticipated to have minimal affect on its consolidated monetary outcomes for the fiscal yr ending December. The corporate dedicated to offering updates ought to any materials developments happen.
Metaplanet’s aggressive Bitcoin technique displays a broader development amongst corporates adopting digital property as a part of their treasury reserves, a shift that continues to reshape capital administration practices world wide.
