Catenaa, Monday, March 10, 2025 – Japanese investment firm Metaplanet has issued $13.6 million in 0% ordinary bonds to purchase additional Bitcoin, signaling a continued push to expand its digital asset holdings. The bonds, worth 2 billion JPY, are being issued to EVO FUND, a financial entity, with the funds earmarked specifically for Bitcoin acquisitions.
In a regulatory filing on February 27, Metaplanet revealed that the bonds carry no interest and are set to be redeemed at face value by August 26, 2025.
However, EVO FUND has the option for early redemption, which can be initiated for the entire or part of the outstanding bond amount with at least one business day’s notice.
The funds for any early redemption will come from Metaplanet’s future stock acquisition exercises, specifically from its 13th to 17th Series of Stock Acquisition Rights.
Despite the bond issuance, Metaplanet’s share price has dropped nearly 25%, reflecting the wider decline in cryptocurrency prices over the past week.
The announcement comes just days after Metaplanet added 135 Bitcoin to its treasury, further solidifying its position as one of Japan’s most prominent corporate Bitcoin investors.
Metaplanet, following a strategy similar to that of MicroStrategy, has been steadily increasing its Bitcoin holdings since the launch of its Bitcoin Treasury Operations.
The firm’s Bitcoin Yield, a key metric that tracks Bitcoin held per share, saw a significant rise in Q4 2024 but has slowed in early 2025 as the company issued more shares to fund its growing operations.
