Metaplanet has issued its 14th series of ordinary bonds and collected $ 21.25 million to finance extra Bitcoin (BTC) purchases while the company deepens its strategic pivot to digital assets.
The bonds were approved during a board meeting on May 9 and fully subscribed by EVO Fund, according to the legal submission.
The nuts are structured as zero coupon instruments without interest. Each bond has a nominal value of $ 625,000 and will be completely exchanged on November 7, 2025.
Bondholders will retain the right to request early repayment with one notice period of one working day, while Metaplanet can also activate partial repayments if it receives equivalent revenues from his 15th and 16th series of stock acquiring rights.
Metaplanet confirmed that the proceeds will be used to acquire Bitcoin, in accordance with a January 28 that described its multiserie financing and share acquisition strategy.
The bonds are unsecured and non-guaranteed, and no bond manager will be appointed under the Japanese Companies ACT, because the issue meets specific legal exemptions.
Bitcoin Holdings hit $ 480 million
This week Metaplanet acquired an extra 555 BTC for around $ 53.4 million, which brought its total Bitcoin interests to 5,555 BTC.
The cumulative investment of the company is now $ 481.5 million, with an average purchase price of $ 86.672 per bitcoin. These companies make Metaplanet the largest public Bitcoin holder in Asia and the 9th largest worldwide, which surpass several American companies on a scale.
The shares of the company have taken more than 2,200% since it has adopted the Bitcoin standard last year, mainly driven by investor optimism about his strategy for digital assets. It wants to collect 10,000 bitcoin by the end of this year.
Metaplanet also announced plans to set up an American subsidiary, Metaplanet Treasury, in Florida to expand its capital access. The entity is expected to collect up to $ 250 million to support further Bitcoin acquisitions and global expansion.
Despite the size of the new bond issue, Metaplanet stated that the relocation is expected to have a minimal impact on its consolidated financial results for the tax year ending on December. The company dedicated to provide updates if material developments take place.
The aggressive Bitcoin strategy of Metaplanet reflects a broader trend at companies that take digital assets as part of their Treasury reserves, a shift that continues to reform capital management practices around the world.
