Metaplanet Repays 2 Billion Yen Bonds Early, Boosts Bitcoin Holdings to 4,206 BTC

Metaplanet, a Japanese company that transitioned from hotel management to a Bitcoin treasury firm, has made a significant financial move by repaying 2 billion yen ($13.5 million) worth of bonds ahead of schedule. This early repayment was part of the company's strategy to consolidate its financial position and further embrace Bitcoin's volatility. The bonds, which were zero-coupon and issued through Metaplanet's Evo Fund in March, were used to acquire additional Bitcoin. The company disclosed that the repayment would not significantly impact its fiscal 2025 performance, as these bonds do not accrue interest.

Metaplanet conducted an early redemption of its 9th Series of Ordinary Bonds on April 4, more than five months before the maturity date. The company's Bitcoin balance has swelled to 4,206 BTC, placing it among the top 10 publicly traded holders. The acquisitions are part of a broader strategy disclosed in January that could see Metaplanet purchase up to 21,000 BTC by the end of 2026. At the time, the company said it planned to raise more than $700 million to help fund its Bitcoin buying spree.

Metaplanet's CEO, Simon Gerovich, commented on the recent volatility in the Bitcoin market, describing it as a natural part of a rare and diversified asset with long-term potential. This sentiment reflects the company's buy-on-the-dip strategy, which involves acquiring more Bitcoin during market downturns. Over the weekend, Gerovich called Bitcoin’s volatility “a natural part of an asset that is truly rare, diversified, and has long-term potential.”

Bitcoin’s price is under renewed pressure as part of a global sell-off in risk assets stemming from US President Donald Trump’s “Liberation Day” tariff announcement last week. The BTC price plunged below $80,000 on April 7. Bitcoin’s performance mirrors broader declines in US stocks, with the benchmark S&P 500 Index losing $5 trillion over two trading sessions.

Metaplanet's proactive approach to financial management and its confidence in the long-term value of Bitcoin are evident in its early repayment of bonds and the CEO's comments on market volatility. By consolidating its financial position and embracing market fluctuations, Metaplanet aims to strengthen its treasury and continue its growth in the Bitcoin economy. The company's strategy of acquiring more Bitcoin during market downturns demonstrates its commitment to the digital asset and its belief in its long-term potential.