Metaplanet Issues New Bonds to Buy Bitcoin, Now 78% Toward 2025 Goal
Metaplanet plans to sell $21 million in zero-interest bonds to finance additional Bitcoin purchases, aiming to build one of the largest corporate Bitcoin holdings. The bonds are issued to EVO FUND, allowing Metaplanet to borrow funds without immediate repayment costs. The repayment terms are flexible, permitting early withdrawal with notice. This issuance is part of a broader strategy, mirroring MicroStrategy's approach, with Metaplanet having raised approximately $135.2 million through multiple bond sales this year. The company aims to own 10,000 BTC by the end of 2025 and currently holds about 7,800 BTC, valued at approximately $840 million. Recent acquisitions include 696 BTC in March and 145 BTC for $13.6 million. Metaplanet ranks 11th among companies holding Bitcoin and plans to establish a U.S. subsidiary to enhance liquidity access for institutional investors.
