Japanese public firm Metaplanet announced it would challenge $21.25 million in zero-coupon bonds to fund further Bitcoin purchases. That is the Firm’s third bond issuance in only one week, persevering with its aggressive Bitcoin accumulation technique.
Based on a regulatory filing on Friday, the Tokyo-based Firm will challenge its 14th Collection of Strange Bonds to EVO FUND, with every bond having a face worth of $625,000. The bonds will mature on November 7, 2025, and carry no rate of interest.
“The funds raised might be allotted to the acquisition of Bitcoin,” Metaplanet stated within the submitting, referencing its beforehand disclosed Bitcoin acquisition technique from January 2025. The Firm plans to safe funds for bond redemption by way of proceeds generated from the train of its fifteenth and sixteenth Collection of Inventory Acquisition Rights.
The most recent bond issuance follows two separate $25 million raises earlier this week, bringing Metaplanet’s complete bond choices to over $71 million in seven days. The Firm presently holds 5,555 Bitcoin value roughly $570 million at present costs, making it the most important Bitcoin treasury amongst publicly traded firms outdoors North America.
Simon Gerovich, Consultant Director at Metaplanet, has been steering the Firm’s Bitcoin-focused technique since early 2024. The agency ranks because the eleventh largest public firm Bitcoin holder globally, trailing solely North American entities like Technique and BlackRock’s Bitcoin ETF.
Beneath the phrases of the bond settlement, EVO FUND might request early redemption with one enterprise day’s discover. Moreover, Metaplanet can provoke early redemptions in $625,000 increments if proceeds from inventory acquisition rights workouts exceed sure thresholds.
“The issuance of those bonds is predicted to have a minimal influence on the Firm’s consolidated monetary outcomes for the fiscal 12 months ending December 2025. If any materials influence on our monetary efficiency or different issues arises, we’ll present an replace promptly,” the Company noted in its filing.
Bitcoin traded at $102,858 at press time, up 3.11% over the previous 24 hours, as institutional demand for Bitcoin continues to develop by way of numerous funding autos.
The issuance represents Metaplanet’s ongoing dedication to constructing its Bitcoin place by way of strategic debt choices, following the funding strategy pioneered by main institutional Bitcoin holders globally.
