Metaplanet raises ¥2B ($13.3M) via 0% ordinary bonds to increase BTC holdings

Metaplanet announced on March 18th that it has issued 2B JPY ($13.3M) in zero interest ordinary bonds to fund further bitcoin acquisitions. The issuance of its 9th series Ordinary Bonds is part of its larger goal of securing 10K BTC by the end of this year and 21K by the end of 2026.

Metaplanet Inc. has announced the issuance of its 9th Series of Ordinary Bonds to EVO FUND, with the proceeds intended for purchases. The strategic funding round aligns with Metaplanet’s previous financial maneuvers involving stock acquisition rights, and the issuance of ordinary bonds is expected to have minimal impact on the company’s financial results for the fiscal year ending December 2025. 

Metaplanet Inc. (3350.T) shares were trading at 4,085 yen, a 43.34% decrease from its all-time high of 7,210 yen in February.

Metaplanet issues zero-interest ordinary bonds to raise funds for BTC acquisition 

Metaplanet has issued another round of 2 billion JPY ($13.5 million) in zero interest ordinary bonds to fund further bitcoin acquisitions. The funds raised through this issuance will be allocated for the purchase of more BTC, in line with the specific use of proceeds detailed in the announcement dated January 28, 2025. 

The funds required for the bonds’ redemption are expected to be secured through proceeds from the exercise of the 14th to 17th series of Stock Acquisition Rights. The company’s shares have increased in value by nearly 12.53% since the last issuance of 0% ordinary bonds on March 12th. 

According to the March 18th statement published by Metaplanet, the bonds will be redeemed in full at their face value on September 17th (scheduled redemption date), although EVO FUND (the Bondholder) may request early redemption of all or part of the outstanding bonds at JPY 100 per JPY 100 of face value by providing written notice to Metaplanet at least one business day prior to the desired early redemption date.

Metaplanet continues its aggressive BTC accumulation strategy

The publicly traded Japanese firm issued its 8th series of 0% Ordinary Bonds on March 12th to raise another ¥2B (~$13.4M) for more BTC acquisition. Metaplanet subsequently bought 162 Bitcoin (BTC) for approximately $13.5M at an average price of $83.123K per BTC, achieving a year-to-date bitcoin yield of 53.2%. As of March 12, Metaplanet holds 3,050 BTC valued at $253.7M, with an average acquisition price of $83.180K per BTC. 

Metaplanet has purchased Bitcoin on at least 17 occasions since May 2024, with its biggest acquisition being a 619.7 BTC purchase on December 20, 2024. The company’s stock has also surged since it began acquiring Bitcoin, rising from 200 yen to 6,650 yen in early 2025, marking a 3,225% increase in less than a year. However, its shares have since pulled back, trading at around 4,000 yen.

Metaplanet’s shift toward BTC accumulation has drawn comparisons to Strategy (formerly MicroStrategy), the US software firm co-founded by Michael Saylor that pioneered Bitcoin treasury investments. Both companies employ a comparable debt-financing model, although Metaplanet is taking advantage of Japan’s low borrowing costs to build its Bitcoin reserves, positioning itself as a major corporate BTC holder in Asia. 

On March 5th, Metaplanet surpassed Chinese gaming firm Boyaa Interactive International as Asia’s largest corporate Bitcoin holder. It currently holds the 12th position among corporate Bitcoin holders worldwide. The firm’s goal is to secure 10K BTC by the end of 2025 and 21K by the end of 2026.

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