Metaplanet Issues 2 Billion Yen Bonds To Boost Bitcoin Reserves

Metaplanet Inc., a publicly listed company in Japan renowned for its substantial bitcoin holdings, has announced the issuance of its 10th series of ordinary bonds. This decision, approved by the company's board on March 31, is part of Metaplanet's broader strategy to bolster its bitcoin reserves. The bond issuance aims to raise 2 billion yen, approximately $13.3 million, and will be fully subscribed by EVO FUND, a digital asset-focused investment fund.

The bonds issued by Metaplanet carry zero interest and will be redeemed at their full face value. Notably, these bonds do not come with any collateral or guarantees, and under Japan’s Companies Act, no bond administrator is required. This unique structure allows Metaplanet to raise capital without incurring high interest expenses or diluting its current stock.

The primary objective of this bond issuance is to invest the raised funds into purchasing more bitcoin. This move aligns with Metaplanet's previous strategy announced in January 2025, where the company intended to use cash from stock acquisition rights to enhance its bitcoin reserves. Metaplanet recently completed a significant purchase of 150 BTC on March 23, increasing its bitcoin holdings to 3,350 BTC. The latest bond sale further underscores Metaplanet's commitment to expanding its bitcoin treasury.

EVO FUND, known for its expertise in structured financing and support for blockchain-aligned businesses, has pledged to fully subscribe to the bonds. This partnership exemplifies the growing trend of collaboration between traditional firms and digital asset-focused investment funds in Japan. EVO FUND's involvement will facilitate Metaplanet's efforts to secure the necessary funds for its bitcoin acquisition plans.

Metaplanet has assessed that the issuance of these bonds will have a minimal impact on its financial performance for the fiscal year ending December 2025. By issuing zero-interest bonds, the company can raise capital for its bitcoin strategy without facing significant financial burdens. This approach allows Metaplanet to maintain its long-term investment strategy in bitcoin while avoiding high interest expenses or stock dilution.

The decision to issue bonds without collateral reflects Metaplanet's confidence in its business model and the potential of blockchain technology. With no immediate financial pressure from interest payments, the company is well-positioned to capitalize on growth opportunities in the digital asset sector. This move also highlights the increasing institutional investment and corporate diversification into digital assets.

With the issuance of its 10th series of bonds, Metaplanet continues to lead the field of corporate bitcoin treasuries. The company's ongoing investments in bitcoin are indicative of broader trends in institutional investment and corporate diversification into digital assets. As the cryptocurrency and blockchain technology market continues to evolve, Metaplanet's strategy positions it to benefit from future growth in the digital asset space.