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Metaplanet Issues $25M Bonds to Buy More Bitcoin

The bonds, redeemable in 2025, will be repaid through capital raised from stock acquisition rights.

Updated May 2, 2025, 3:25 p.m. Published May 2, 2025, 8:54 a.m.
Bonds, Treasury Bond (CoinDesk Archives)
Bonds, Treasury Bond (CoinDesk Archives)

What to know:

  • Metaplanet issued 3.6 billion yen (around $24.8 million) in bonds to further buy bitcoin.
  • Redemption of these bonds is to be funded by future stock rights exercises

Tokyo-based Metaplanet (3350) has issued 3.6 billion yen (around $24.8 million) in bonds to fund additional purchases of bitcoin after the Japanese hotel firm’s holdings surpassed 5,000 BTC.

According to a notice from the company, the newly issued bonds were sold entirely to EVO FUND. The bonds carry no interest and will be redeemed at par value on October 31, 2025, unless repaid earlier at the bondholder’s request.

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The funds are earmarked specifically for BTC acquisition, in line with the plan disclosed earlier this year when Metaplanet detailed a series of stock acquisition rights.

The company expects to fund the bond's redemption through capital raised via the exercise of its stock acquisition rights, meaning the ultimate payback may rely on investor appetite for Metaplanet’s equity-linked instruments.

If proceeds from those rights exceed certain thresholds, Metaplanet reserves the right to repay portions of the bond early. Metaplanet shares closed at 428 yen each, up 8.6% in the last trading session.

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