Metaplanet Inc. has announced the issuance of its 10th series of ordinary bonds worth 2 billion yen to fund additional Bitcoin purchases.
Metaplanet's Bitcoin Accumulation Strategy
Over the past nine months, Metaplanet has consistently acquired Bitcoin, increasing its holdings from 161.268 BTC to 3,350 BTC by March 2025. This follows a dollar-cost averaging approach with an average purchase price between 9,304,655 yen to 12,619,066 yen.
Zero-interest Bond Structure
The 10th series of ordinary bonds issued by Metaplanet bears no interest, which is unusual for corporate debt instruments. Each bond has a face value of 50 million yen. The bonds were issued and paid for on March 31, 2025, with a redemption date of September 30, 2025.
Corporate Bitcoin Treasury Trend Continues
Metaplanet’s strategy is in line with several public companies adding Bitcoin to their corporate treasuries. Starting from 161.268 BTC worth 1.65 billion yen in July 2024, the company's holdings have doubled to 3,350 BTC by March 2025. Metaplanet clearly states that the bond proceeds will be allocated for Bitcoin purchases.
Metaplanet's strategy highlights the growing trend among companies to use debt instruments to finance Bitcoin acquisitions, bolstering institutional crypto adoption.
