Metaplanet issued its 14th Collection of Unusual Bonds, elevating $21.25 million to fund extra Bitcoin (BTC) purchases as the corporate deepens its strategic pivot towards digital belongings.
The bonds have been accredited at a board assembly on Could 9 and totally subscribed by EVO FUND, in accordance with the regulatory submitting.
The notes shall be structured as zero-coupon devices with no curiosity. Every bond carries a face worth of $625,000 and shall 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 can even set off partial redemptions if it receives equal proceeds from its fifteenth and sixteenth Collection Inventory Acquisition Rights.
Metaplanet confirmed that the proceeds shall be used to accumulate Bitcoin, in step 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 shall be appointed underneath Japan’s Firms Act, because the issuance meets particular authorized exemptions.
Bitcoin holdings hit $480 million
This week, Metaplanet acquired a further 555 BTC for about $53.4 million, bringing its whole Bitcoin holdings to five,555 BTC.
The corporate’s cumulative funding now totals $481.5 million, with a median buy worth of $86,672 per Bitcoin. These holdings make Metaplanet the most important public Bitcoin holder in Asia and the ninth largest globally, surpassing a number of US companies 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 determine a US-based subsidiary, Metaplanet Treasury, in Florida to broaden its capital entry. The entity is predicted to boost as much as $250 million to help additional Bitcoin acquisitions and world growth.
Regardless of the size of the brand new bond issuance, Metaplanet said the transfer is predicted to have minimal impression 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 pattern amongst corporates adopting digital belongings as a part of their treasury reserves, a shift that continues to reshape capital administration practices around the globe.
