Metaplanet, a Japanese firm known for its Bitcoin treasury strategy, has officially announced a significant bond issuance worth $21 million aimed at enhancing its Bitcoin reserves.
The issuance involves the company’s 17th series of ordinary bonds, which will be free of interest and slated for redemption on November 28, 2025. A company announcement on Thursday revealed that these bonds were wholly acquired by Evo Fund, an investment firm based in the Cayman Islands.
This follows Metaplanet’s recent issuance of $50 million in a new series of bonds earlier in the week, indicating a robust approach to its ongoing strategy of accumulating Bitcoin.
Evo Fund has played a pivotal role in supporting Metaplanet’s Bitcoin acquisition plans, having participated in several rounds of the company’s zero-interest bond offerings.
Metaplanet Issues 21 Million USD in 0% Ordinary Bonds to Purchase Additional $BTC pic.twitter.com/uQKEQSBN9S
— Metaplanet Inc. (@Metaplanet_JP) May 29, 2025
Minimal Impact on 2025 Financial Results
Metaplanet has clarified that each bond will carry a face value of $525,000 and will be redeemed at par value. The company also indicated that it anticipates the bond issuance will have a negligible effect on its consolidated financial results for 2025, promising to provide updates should the situation require it.
Based on current market valuations, this $21 million issuance could enable the purchase of approximately 195 Bitcoin, as per CoinGecko’s data. Metaplanet initially indicated its intent to accumulate Bitcoin back in April 2024, targeting a total of 10,000 BTC by the end of 2025.
Currently, the firm holds around 7,800 Bitcoin, valued at over $839 million, making it the largest corporate holder of Bitcoin in Asia and ranking 11th globally, according to BitcoinTreasuries.NET data. Notably, Metaplanet acquired 1,004 BTC earlier this month.
In addition, the firm’s stock has experienced a remarkable surge, rising more than 1,985% over the past year and currently trading at 1,168 Japanese yen ($8.01), according to Google Finance.
Strategic Expansion Plans
In a related development, Metaplanet announced last month its intention to establish a U.S. subsidiary, with aspirations to raise $250 million to further support its Bitcoin treasury program.
This new entity is expected to enhance the firm’s access to U.S. institutional investors and facilitate continuous operations across multiple time zones, as noted by Metaplanet.
On Wednesday, trading activity on Metaplanet reached nearly $1 billion daily, highlighting a growing interest among investors.
CEO Simon Gerovich took to X to celebrate the company reaching a $5 billion market cap milestone, with stock prices closing the trading day up by 9.5%. “Bitcoin to the moon,” he commented.
$1B+ in daily trading volume
$5B market cap milestone
Bitcoin to the moon pic.twitter.com/C5Az5EIE1P
— Simon Gerovich (@gerovich) May 28, 2025
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