Japan's Metaplanet has announced the issuance of its 10th Series of Ordinary Bonds, raising ¥2 billion to fund further Bitcoin acquisitions.
New Bond Series by Metaplanet
The bonds have no interest and will be fully redeemed by Sep. 30, 2025, as per the company’s filing on March 31. The entire issuance has been allocated to EVO FUND, aligning with Metaplanet’s aggressive Bitcoin accumulation strategy.
Bitcoin Accumulation Strategy
On March 24, the firm added 150 BTC to its treasury at an average price of ¥12.57 million per BTC, bringing its total holdings to 3,350 BTC. Since 2024, Metaplanet has spent ¥42.22 billion on Bitcoin, making it the biggest corporate holder in Asia. The Bitcoin Yield indicator, tracking the percentage growth of BTC compared to fully diluted shares, surged 309.8% in Q4 2024 and is currently at 68.3% for Q1 2025.
Leadership Team Update
Metaplanet has been expanding its leadership team in addition to issuing bonds and acquiring more BTC. On March 21, the firm appointed Eric Trump to its newly formed advisory board. Known for his work in real estate and finance, Trump is expected to bring business expertise to help build 'one of the world’s leading Bitcoin Treasury Companies,' as stated by CEO Simon Gerovich.
Metaplanet's recent moves highlight its efforts to secure its future using Bitcoin, with a goal to hold 10,000 Bitcoin by 2025 and 21,000 by 2026.
