Metaplanet Issues $25 Million Bonds to Boost Bitcoin Supply
The bonds, which mature in 2025, will be financed with capital raised from the rights to purchase shares.
Author: Francisco Rodriguez | Edited by : Parikshit Mishra Updated: May 2, 2025, 3:25 PM Published: May 2, 2025, 8:54 AM
Key points:
- Metaplanet has issued 3.6 billion yen (approximately $24.8 million) in bonds to increase its Bitcoin holdings.
- The repayment of these bonds will be secured by future rights to shares.
Tokyo-based Metaplanet (3350) has issued 3.6 billion yen (about $24.8 million) in bonds to fund additional Bitcoin (BTC) purchases after the Japanese hotel company's holdings surpassed 5,000 BTC.
According to the company's announcement, the newly issued bonds were fully purchased by EVO FUND. These bonds do not have an interest rate and will be redeemed at par value on October 31, 2025, unless redeemed earlier at the holder's request.
The funds are intended solely for the acquisition of BTC in accordance with the previously announced plan, when Metaplanet issued a number of rights to acquire shares.
The company plans to fund the redemption of the bonds with capital raised through the exercise of its rights to purchase shares, meaning the final size of the redemption may depend on investor interest in Metaplanet's share-linked instruments.
If the proceeds from these rights exceed certain thresholds, Metaplanet reserves the right to early redeem a portion of the bonds. Metaplanet shares closed at 428 yen apiece, up 8.6% in the latest trading session.
