Metaplanet Issues $25M Bonds for Bitcoin Purchases
- Bonds issued to fund significant Bitcoin acquisition.
- Entire issuance bought by EVO FUND.
- Aims to double Bitcoin holdings in 2024 initiative.
Metaplanet, a Japanese investment firm, issued $25 million bonds to purchase Bitcoin. This move underscores its aggressive strategy to increase BTC holdings.
Metaplanet’s bond issuance highlights its commitment to Bitcoin and reflects a growing trend among corporates using debt for cryptocurrency accumulation.
Metaplanet’s issuance of $25 million in zero-interest bonds reflects its ongoing commitment to Bitcoin. This marks its 12th fundraising attempt since its acquisition push in April 2024.
In collaboration with EVO FUND, Metaplanet leverages bonds to expedite Bitcoin accumulation. Aiming for 10,000 BTC, the firm enhances its standing among corporate Bitcoin holders.
The issuance aims to impact the Bitcoin market by boosting on-exchange reserves and influencing sentiment. Metaplanet’s strategy may encourage other corporate investments in cryptocurrencies.
Financial markets observe Metaplanet’s move as indicative of a larger trend, where companies utilize zero-interest bonds for digital asset accumulation, potentially driving more companies toward similar strategies.
The bond issuance, focusing solely on Bitcoin, highlights Metaplanet’s strategic commitment to BTC over other digital assets, potentially influencing future corporate treasury decisions.
Metaplanet has issued 3.6 billion yen (around $24.8 million) worth of zero-interest ordinary bonds to continue its Bitcoin buying spree. The newly issued bonds were sold entirely to EVO FUND, allowing investors to redeem them at full face value by Oct. 31, 2025.
Metaplanet’s actions signal potential regulatory scrutiny and technological shifts in corporate treasury practices. Historical trends show these strategic moves often lead to broader industry adoption.
