Metaplanet Issues 21M in Bonds to Boost Bitcoin Holdings Further

• Metaplanet raises $21M via zero-interest bonds, boosting 2025 Bitcoin funding to $135.2M.
• Firm targets 10,000 BTC by year-end, currently holding 7,800 BTC worth $840M.
• Metaplanet launches a US unit aiming to raise $250M for Bitcoin investment strategy.

Metaplanet, a Tokyo-based investment company, has issued $21 million in zero-interest bonds to the Cayman Islands-based Evo Fund. This development comes just one day after the company secured a separate $50 million in funding. The move strengthens Metaplanet’s Bitcoin acquisition strategy, with the firm aiming to hold 10,000 BTC by the end of 2025.

Japanese firm deepens Bitcoin push with back-to-back funding moves

The newly issued debt marks Metaplanet’s 17th bond series and was finalized on May 29. Each bond carries a face value of $525,000 and will mature on November 28, 2025. Notably, the bonds do not bear any interest, allowing the company to raise capital without facing additional repayment burdens.

The terms also provide Evo Fund with the right to redeem the bonds early by giving five business days’ notice. Redemptions can occur either in full or in multiples of $525,000. Metaplanet retains the option to initiate redemptions based on future fundraising rounds involving the same investor.

Company raises $135.2 million in 2025 alone

With this latest round, Metaplanet’s total capital raised this year now stands at $135.2 million. The company previously secured $25.9 million in February, $13.3 million in March, and $25 million earlier in May. All funding rounds are dedicated to increasing its Bitcoin holdings.

The company’s aggressive debt-financing approach reflects a strong commitment to digital assets, particularly Bitcoin. According to BitcoinTreasuries.NET, Metaplanet currently holds around 7,800 BTC. These holdings are valued at approximately $840 million, with an average purchase price of $91,340 per Bitcoin.

The bonds carry no collateral and have no appointed bond administrator, in accordance with Japanese corporate law. Payment arrangements for the bond series will be managed through the firm’s Tokyo office.

New US subsidiary eyes expansion into American capital markets

Metaplanet is also taking steps to expand its footprint beyond Japan. On May 1, the company announced the formation of a new US subsidiary named Metaplanet Treasury. Based in Florida, the subsidiary is expected to raise up to $250 million in capital. These funds will be used to further support Bitcoin-related strategies and provide access to American investors.

The company continues to draw attention within the corporate crypto space. In March, Eric Trump joined Metaplanet’s Strategic Advisory Board. The firm also made significant BTC purchases in March and April, including 696 BTC through exercised put options and another 145 BTC for $13.6 million.

Metaplanet’s moves come amid a wave of institutional interest in Bitcoin. On May 28, US-based retailer GameStop confirmed a purchase of 4,710 BTC, indicating that more companies are beginning to treat Bitcoin as a treasury asset.