Japanese public company Metaplanet announced this will most likely per chance well pronounce $21.25 million in zero-coupon bonds to fund extra Bitcoin purchases. Right here’s the Firm’s third bond issuance in barely one week, continuing its aggressive Bitcoin accumulation technique.
According to a regulatory filing on Friday, the Tokyo-essentially essentially essentially based Firm will pronounce its 14th Series of Customary Bonds to EVO FUND, with every bond having a face worth of $625,000. The bonds will ragged on November 7, 2025, and elevate no ardour rate.
“The funds raised will be allocated to the acquisition of Bitcoin,” Metaplanet mentioned in the filing, referencing its previously disclosed Bitcoin acquisition technique from January 2025. The Firm plans to stable funds for bond redemption thru proceeds generated from the exercise of its 15th and 16th Series of Stock Acquisition Rights.
The latest bond issuance follows two separate $25 million raises earlier this week, bringing Metaplanet’s entire bond choices to over $71 million in seven days. The Firm at this time holds 5,555 Bitcoin worth roughly $570 million at newest costs, making it essentially the most racy Bitcoin treasury amongst publicly traded companies outside North The US.
Simon Gerovich, Representative Director at Metaplanet, has been guidance the Firm’s Bitcoin-centered technique since early 2024. The firm ranks because the 11th greatest public company Bitcoin holder globally, trailing only North American entities delight in Strategy and BlackRock’s Bitcoin ETF.
Under the terms of the bond agreement, EVO FUND would possibly per chance well furthermore question early redemption with one enterprise day’s glimpse. Moreover, Metaplanet can starting up early redemptions in $625,000 increments if proceeds from inventory acquisition rights exercises exceed certain thresholds.
“The issuance of these bonds is expected to hang a minimal influence on the Firm’s consolidated financial results for the fiscal yr ending December 2025. If any cloth influence on our financial performance or assorted matters arises, we can provide an update promptly,” the Firm neatly-known in its filing.
Bitcoin traded at $102,858 at press time, up 3.11% over the previous 24 hours, as institutional question for Bitcoin continues to grow thru varied funding vehicles.
The issuance represents Metaplanet’s ongoing commitment to constructing its Bitcoin put thru strategic debt choices, following the funding advance pioneered by predominant institutional Bitcoin holders globally.
