Metaplanet releases an additional $21M in bonds to support Bitcoin acquisitions.

Metaplanet has successfully launched its 14th Series of Ordinary Bonds, securing $21.25 million to enhance its Bitcoin (BTC) acquisitions as the company further aligns itself with digital assets.

Approval for the bonds was granted at a board meeting on May 9, with full subscription achieved through EVO FUND, as indicated in the official filing.

These bonds will be issued as zero-coupon securities, meaning they do not provide interest. Each bond has a face value of $625,000 and is set for complete redemption on November 7, 2025.

Bondholders have the option to request early redemption with a one-day notice, while Metaplanet retains the ability to execute partial redemptions if it generates equivalent funds from its upcoming 15th and 16th Series Stock Acquisition Rights.

The company has confirmed that the funds raised will be directed toward Bitcoin acquisition, consistent with a filing from January 28 that outlined its multi-series financing and stock acquisition approach.

The bonds are unsecured and do not have guarantees, and there will be no bond administrator appointed according to Japan’s Companies Act, given that this issuance falls under specific legal exemptions.

In recent developments, Metaplanet acquired an additional 555 BTC for around $53.4 million, increasing its total Bitcoin holdings to 5,555 BTC, valued at $480 million.

With a cumulative investment of $481.5 million and an average price of $86,672 per BTC, Metaplanet is now the largest public holder of Bitcoin in Asia and ranks ninth globally, overtaking several US companies.

Since adopting the Bitcoin standard last year, the company’s stock has surged by over 2,200%, largely fueled by investor enthusiasm regarding its digital asset strategy, with a goal to reach a total of 10,000 Bitcoin by year-end.

Additionally, Metaplanet is planning to establish a subsidiary in the US, named Metaplanet Treasury, in Florida to enhance its capital accessibility. This new entity is projected to raise up to $250 million to support further Bitcoin investments and international growth.

Even with the new bond issuance, Metaplanet has indicated that it anticipates limited effects on its consolidated financial results for the fiscal year ending in December and has committed to keeping stakeholders informed of any significant developments.

Metaplanet’s proactive Bitcoin strategy reflects a growing trend among corporations integrating digital assets into their treasury reserves, a movement that is transforming capital management practices on a global scale.