Metaplanet Surpasses Previous Record by Selling $50 Million in Bonds for Purchasing More Bitcoin
Tokyo-based company Metaplanet has announced the issuance of its largest series of 0% ordinary bonds, worth $50 million, to venture capital firm EVO FUND. This marks the company's 16th series of such bonds.
In a move inspired by MicroStrategy's strategy, TopWin, a Japanese investment firm, has rebranded as 'AsiaStrategy' and is shifting its focus to digital assets. Metaplanet, aiming to accumulate 10,000 Bitcoins by the end of 2025, intends to use the proceeds from the bond sale to purchase more Bitcoin.
The bonds do not accrue interest and can be redeemed in full on Nov. 27 for $1.25 million per bond at face value. EVO FUND has the option to redeem the bonds before the redemption date by providing notice. Early redemption can be done for all or part of the outstanding bonds, and the redemption amount might change if Metaplanet conducts other fundraising initiatives in the future involving EVO FUND.
Metaplanet's ongoing Bitcoin acquisition strategy has seen the company report a record operating profit of 592 million yen (approximately $4 million) in Q1 2025, primarily due to bitcoin-based income strategies. A significant portion of the company's revenue comes from harvesting option premiums on Bitcoin, highlighting its focus on leveraging its BTC holdings for financial gains.
In addition to its focus on Bitcoin, Metaplanet is planning to open a subsidiary in the United States named Metaplanet Treasury to expand its global presence and access to US financial markets. Currently, Metaplanet holds approximately 7,800 Bitcoins, placing it among the largest institutional holders of Bitcoin not just in Asia but globally.
Metadata:- Metaplanet aims to accumulate 10,000 Bitcoins by the end of 2025.- Metaplanet has raised a total of $135.2 million in 2025 for Bitcoin purchases.- Revenue is derived from harvesting option premiums on Bitcoin.- Metaplanet plans to open a US subsidiary named Metaplanet Treasury.
- Metaplanet, aiming to amass 10,000 Bitcoins by the end of 2025, will use a portion of the $50 million raised from the sale of its 0% ordinary bonds to purchase more Bitcoin.
- In Q1 2025, Metaplanet reported a record operating profit of 592 million yen (approximately $4 million) due to bitcoin-based income strategies, with a significant portion of its revenue coming from harvesting option premiums on Bitcoin.
- To expand its global presence and access to US financial markets, Metaplanet plans to open a subsidiary in the United States named Metaplanet Treasury, in addition to its focus on Bitcoin as one of the largest institutional holders of Bitcoin not just in Asia, but globally.
