Nikolas Sargeant
Japanese Bitcoin treasury company Metaplanet has unveiled a new $21 million bond offering specifically designed to accelerate its Bitcoin acquisition strategy.
The company's 17th series of ordinary zero-interest bonds carries a redemption date of November 28, 2025. According to Thursday's corporate announcement, the entire bond issuance was purchased by Cayman Islands-based investment firm Evo Fund.
This latest financing follows Wednesday's $50 million bond series, demonstrating Metaplanet's aggressive approach to building its Bitcoin treasury reserves. Evo Fund has emerged as Metaplanet's primary financial partner, consistently subscribing to multiple rounds of the company's zero-interest bond offerings.
Financial Structure Designed to Minimize Earnings Impact
Each bond carries a face value of $525,000 and will be redeemed at par value upon maturity. Metaplanet emphasized that the bond issuance is expected to generate minimal impact on its consolidated 2025 financial results, with the company committing to disclose any significant developments as they arise.
At current Bitcoin valuations, the $21 million raise could enable the purchase of approximately 195 Bitcoin, according to CoinGecko data. This acquisition would advance Metaplanet's ambitious objective of accumulating 10,000 BTC by the end of 2025, a target initially announced when the company began its Bitcoin strategy in April 2024.
Metaplanet currently maintains 7,800 Bitcoin valued at over $839 million, positioning it as Asia's largest public corporate Bitcoin holder and the 11th largest globally, according to BitcoinTreasuries.NET. The company added 1,004 BTC to its treasury earlier this month, demonstrating consistent execution of its accumulation strategy.
The aggressive Bitcoin positioning has translated into exceptional stock performance, with Metaplanet shares surging more than 1,985% over the past year to trade at 1,168 Japanese yen ($8.01).
Strategic Expansion Into US Markets Targets Institutional Capital
Metaplanet announced plans last month to establish a United States subsidiary aimed at raising $250 million to further strengthen its Bitcoin treasury operations. The new entity would provide enhanced access to U.S. institutional investors while enabling continuous 24-hour operations across global time zones.
Market enthusiasm for Metaplanet's Bitcoin strategy has intensified, with nearly $1 billion in daily trading volume recorded Wednesday, reflecting heightened investor interest in the company's unique positioning.
CEO Simon Gerovich celebrated the company reaching a $5 billion market capitalization milestone on social media, noting that stock prices finished the trading session up 9.5%. "Bitcoin to the moon," Gerovich wrote, encapsulating the company's bullish cryptocurrency outlook.
The sustained bond issuances and international expansion plans underscore Metaplanet's commitment to leveraging institutional capital markets for Bitcoin accumulation, positioning the company as a leading example of corporate cryptocurrency treasury management in the Asian market.
