Metaplanet Issues Bonds Worth $25M for Strategic Bitcoin Purchase

Metaplanet Issues $25M in Bonds to Boost Bitcoin Reserves

Metaplanet (3350), a Tokyo-based hospitality company, has raised 3.6 billion yen (approximately $24.8 million) by issuing bonds to finance further Bitcoin (BTC) acquisitions, after surpassing 5,000 BTC in holdings.

The bonds, which carry no interest, were entirely purchased by EVO FUND. They are due to be redeemed at face value on October 31, 2025, although early repayment can be requested by the bondholder.

This move is part of Metaplanet’s broader strategy, which was previously outlined when the company announced stock acquisition rights earlier this year. The funds from the bond will be specifically used to purchase more Bitcoin, reflecting the company’s ongoing commitment to crypto investment.

To repay the bonds, Metaplanet intends to raise capital through the exercise of its stock acquisition rights, with the company’s ability to redeem the bonds early depending on investor demand for its equity-linked instruments. If proceeds exceed expectations, early repayment may be triggered.

Metaplanet shares saw a notable 8.6% rise, closing at 428 yen during the latest trading session.