Metaplanet, a Bitcoin holdings firm headquartered in Tokyo, has announced plans to raise capital through a new bond issuance aimed at acquiring additional Bitcoins. This announcement comes in the wake of the company’s recent purchase of 555 BTC, which has increased its total holdings to 5,555 Bitcoin.
On Friday, Metaplanet revealed its intention to issue $21.25 million in 0% Ordinary Bonds specifically for the purpose of purchasing more Bitcoin. The firm is making significant progress toward its ambitious goal of amassing 10,000 Bitcoins by the end of 2025, having already surpassed the halfway mark in its efforts.
*Metaplanet Issues 21.25 Million USD in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/tofk3rKMO8
— Metaplanet Inc. (@Metaplanet_JP) May 9, 2025
According to an official statement, the funds generated from the bond issuance will be directed toward buying Bitcoin. This decision was made during a board meeting held on May 9.
In addition, Metaplanet announced that it will grant a 14th Stock Acquisition Rights to EVO Fund, an equity hedge fund based in the Cayman Islands.
The firm’s Bitcoin holdings, which recently appreciated in value, are now estimated at approximately $575.91 million, with an average purchase price of $86,672 per Bitcoin, as reported by Bitcoin Treasuries. Metaplanet is recognized as Asia’s largest holder of Bitcoin and ranks 11th globally in terms of crypto reserves.
Metaplanet Allocates Entire Bond Issuance to EVO Fund
The newly issued bonds will be redeemed at their full face value on November 7 and will not accrue any interest. However, bondholders will have the option to request early redemption of their bonds by notifying the company in advance.
With the current Bitcoin price at $103,679 as per CoinGecko data, if Metaplanet successfully raises the full $21.25 million, it would be able to acquire an additional 205 BTC.
‘Tidal Wave’ of More Firms Buying Bitcoin: CEO
During the Bitcoin for Corporations 2025 event on May 6, Simon Gerovich, CEO of Metaplanet, emphasized the transformative journey of his company, which became the highest-performing publicly listed equity in 2024 by fully adopting a Bitcoin standard.
Gerovich discussed how implementing BTC-denominated KPIs and strategic treasury operations effectively converted equity into Bitcoin. He expressed optimism about the future of corporate adoption of Bitcoin, stating, “We are at a tipping point. A tidal wave of corporate Bitcoin adoption is coming.”
We are at a tipping point. A tidal wave of corporate Bitcoin adoption is coming https://t.co/1xE4ecfUjM
— Simon Gerovich (@gerovich) May 8, 2025
In a follow-up post on social media, Gerovich shared insights on the company’s transition to a Bitcoin standard over the past year, showcasing a comparative look at its beginnings versus its current status.
How it started vs. How it’s going!
あの頃 → 今! pic.twitter.com/8RSKIuyTgY
— Simon Gerovich (@gerovich) May 7, 2025
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