Tokyo-listed Metaplanet introduced Wednesday that it has issued a brand new sequence of bonds price $50m to additional its Bitcoin acquisition technique, marking one other step in its aggressive push into digital belongings.
On the heart of Metaplanet’s aggressive accumulation effort is EVO FUND, a Cayman Islands-based funding agency that has grow to be its main backer. Over latest months, EVO FUND has completely subscribed to a number of rounds of the corporate’s zero-interest bonds, offering essential capital for Bitcoin purchases.
The most recent sixteenth Sequence bond issuance, additionally taken up by EVO FUND, brings the entire raised to just about $100m throughout numerous tranches.
Zero-Curiosity Bonds Redeemable at Par, Proceeds Reserved Solely for BTC Acquisition
Metaplanet clarified that every bond carries a face worth of $1.25m and might be redeemed at par.
The corporate has included provisions for early redemption, contingent on particular fundraising milestones involving the bondholder.
*Metaplanet Points 50 Million USD in 0% Extraordinary Bonds to Buy Extra $BTC* pic.twitter.com/Fz3J7i22XJ
— Metaplanet Inc. (@Metaplanet_JP) Might 28, 2025
Proceeds from this zero-coupon debt will go solely towards the acquisition of Bitcoin, persevering with the corporate’s ongoing treasury diversification.
Metaplanet famous that the issuance would have minimal quick affect on its consolidated financials for the yr ending Dec. 2025, however signaled it could replace stakeholders if materials results come up.
Quick Sellers Pounce, But Metaplanet Ramps Up Institutional Bitcoin Technique
The announcement comes amid a wave of scrutiny over Metaplanet’s valuation. Analysis agency 10X Analysis lately flagged that the corporate’s inventory trades at an implied Bitcoin worth of $596,154, over 5 occasions the precise market worth. Quick sellers have taken discover, making Metaplanet essentially the most shorted inventory in Japan.
Regardless of market skepticism, Metaplanet has continued to broaden. Final month, the corporate introduced the launch of a completely owned subsidiary in Florida to speed up its Bitcoin treasury technique in what it referred to as a “quickly rising” crypto hub.
CEO Simon Gerovich confirmed the transfer, citing deliberate capital of as much as $250m to broaden entry to institutional liquidity within the US.
Whereas critics query the sustainability of its strategy, Metaplanet stays agency in its perception that Bitcoin gives a strategic hedge and long-term worth. This newest bond issuance exhibits that conviction, even because the broader market evaluates the dangers of asset-heavy steadiness sheets in risky sectors.
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