Metaplanet Inc. advances its Bitcoin strategy with a 2 billion JPY bond issuance to expand its holdings, demonstrating ongoing commitment despite a 20% drop in share price amid crypto market volatility.
By Godfrey Benjamin
Edited by Marco T. Lanz
Updated
3 mins read
Tokyo-listed financial services firm Metaplanet Inc. (TYO: 3350) is moving forward with its Bitcoin (BTC) purchase strategy. Recently, it issued its 7th Series of Ordinary Bonds. Metaplanet aims to use the funds raised from these bonds, which total 2 billion JPY, worth approximately $13.6 million, to buy more Bitcoin.
Metaplanet shared the details of the ordinary bonds issuance in a regulatory document dated February 27. According to the filing, the bonds are Metaplanet’s 7th Series of Ordinary Bonds to EVO FUND. As the firm revealed in its filing, the bonds carry no interest and are redeemable at face value on August 26.
Metaplanet Issues 2 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/8bIhIgeiDR
— Metaplanet Inc. (@Metaplanet_JP) February 27, 2025
However, bondholders may request early redemption of all or part of the outstanding Bond at JPY 100 per JPY 100 of face value. Note that this is conditional on providing written notice to the company at least one business day before the desired early redemption date.
The funds required to redeem the bonds will come from the 13th to 17th Series of Stock Acquisition Rights proceeds. Metaplanet expects to exercise this right, per the filing. Metaplanet may redeem a corresponding portion of the bonds earlier than the redemption date if the funds from these exercises reach a multiple of 50 million JPY.
Metaplanet and the bondholders can mutually agree upon an early redemption date. The bond will not bear collateral or guarantee, and the entire issuance will be allocated to the EVO FUND.
Surprisingly, the recent news has failed to affect Metaplanet’s shares positively. The stock price dropped nearly 20% from the previous day to trade at 4,010 JPY. Notably, this decline corresponds with the recent downturn in the crypto market.
Bitcoin BTC $90 745 24h volatility: 4.0% Market cap: $1.80 T Vol. 24h: $44.25 B , the flagship cryptocurrency, has fallen 2.06% in the last 24 hours to trade at $86,488. Similarly, leading altcoins, including Ethereum ETH $1 692 24h volatility: 6.0% Market cap: $204.32 B Vol. 24h: $20.75 B , XRP $2.14 24h volatility: 2.6% Market cap: $125.26 B Vol. 24h: $2.78 B , and Binance Coin BNB $608.1 24h volatility: 1.4% Market cap: $88.82 B Vol. 24h: $849.17 M have plummeted 4.43%, 2.19%, and 2.53%, respectively.
Metaplanet’s share bond issuance comes just two days after the firm added 135 BTC to its treasury. This Bitcoin purchase strengthens its position as one of Japan’s most active corporate Bitcoin investors.
The Japanese firm is following in the footsteps of Strategy, formerly MicroStrategy, which owns the biggest corporate Bitcoin treasury. Strategy, under the leadership of Michael Saylor also raise funds through Convertible Senior Notes to buy more Bitcoin.
Metaplanet has continued to grow its holdings since launching its Bitcoin Treasury Operations in April 2024. Coinspeaker reported that Metaplanet has hit 10% of its 2026 target, holding approximately 2,100 BTC in its reserve.
The company’s BTC Yield, which measures the amount of Bitcoin held per share, grew by 309.8% in Q4 2024. The yield, however, slowed to 23.2% in early 2025 as Metaplanet increased the number of its shares.
Nevertheless, the firm’s decision to continually purchase Bitcoin demonstrates its commitment to the coin’s future.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
