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Metaplanet Continues Bond Issuance for Bitcoin Buys
Metaplanet has raised 2 billion yen ($13.4 million) through zero-interest bonds, allocated to Evo Fund and backed by stock acquisition rights, to purchase more BTC.
What to know:
- Japan's Metaplanet sold 2 billion-yen ($13.4 million) worth of zero-interest bonds to buy more bitcoin (BTC), with Evo fund as the sole bondholder.
- Metaplanet now holds 3,200 BTC, worth $265 million, which makes it the 10th-largest BTC-holding public entity, according to bitcointreasuries.net
Japan's Metaplanet has issued more zero-interest bonds, using some of the proceeds to buy 150 BTC worth around $12.5 million.
In a notice to shareholders, the Tokyo-based company said it issued 2 billion yen ($13.4 million) of the bonds to buy the bitcoin, with Evo fund once again acting as the sole bondholder. The bonds will be redeemed in full on Sept. 17.
STORY CONTINUES BELOW
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*Metaplanet Issues 2 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/RhXoSZD3bw
— Metaplanet Inc. (@Metaplanet_JP) March 18, 2025
These bond issuances are a regular occurrence for the listed company as Metaplanet continues to build its bitcoin reserves, taking advantage of cheaper pricing brought by BTC's recent price correction. The largest cryptocurrency is trading around $83,300, about 24% below the record high reached in January.
Last week, the company said it bought 162 BTC for $13.5 million at an average price of $83,123 per bitcoin.
Metaplanet now holds 3,200 BTC, worth $265 million, which makes it the 10th-largest BTC-holding public entity, according to bitcointreasuries.net.
UPDATE (March 18, 09:15 UTC): Updates first paragraph to reflect the company's latest BTC buy.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.
