**Metaplanet Issues $25 Million in Bonds to Expand Bitcoin Holdings**
Metaplanet, a Tokyo-based company, has announced the issuance of $25 million in bonds aimed at increasing its Bitcoin reserves. According to a recent regulatory filing, the 12th series of ordinary bonds will be sold exclusively to EVO FUND, with no interest and a maturity date set for October 31, 2025. Each bond unit will be issued at 90 million yen and redeemed at face value.
The company stated that the funds raised from this bond issuance will be directed towards purchasing Bitcoin, aligning with its previously disclosed plans regarding stock acquisition rights. Metaplanet anticipates that it will finance the redemption of these bonds through capital generated from the exercise of its 15th to 17th series of stock acquisition rights. Bondholders have the option to request early redemption by providing written notice at least one business day prior to the desired date.
As of now, Metaplanet has amassed over 5,000 BTC and recently acquired an additional 145 Bitcoin for $13.6 million in mid-April. This latest bond issuance is a strategic move to help the firm achieve its ambitious target of holding 21,000 BTC by 2026. The company has also strengthened its Bitcoin strategy by appointing David Bailey, CEO of BTC Inc., to its advisory board.
If the proceeds from the stock acquisition rights surpass certain thresholds, Metaplanet retains the option to initiate early bond repayments in increments of 90 million yen. Following the announcement, the company’s shares saw an increase of 8.6%, closing at 428 yen during Thursday’s trading session. This development comes amid a growing trend of institutional Bitcoin adoption both in Japan and globally, with Bitcoin currently trading above $97,000. Other companies, such as Semler Scientific, have also expanded their Bitcoin holdings, recently purchasing 165 BTC for $15.7 million.
At this time, Metaplanet has not confirmed whether any of the new bond proceeds have been utilized for additional Bitcoin acquisitions.
**FAQ**
**What is the purpose of Metaplanet’s bond issuance?**
Metaplanet’s bond issuance aims to raise funds specifically for the purchase of Bitcoin, supporting its goal of increasing its total Bitcoin holdings to 21,000 BTC by 2026.
