Metaplanet Inc. announced that, following a decision by its Board of Directors on February 10, 2025, it will issue its 6th Series of Ordinary Bonds
Japanese firm Metaplanet, which is known for its “Bitcoin-first strategy,” has recently announced its plans to issue 4 billion yen (around 26.3 million USD) in ordinary bonds to acquire more Bitcoin. This move is part of the company's strategy to ramp up its crypto investments.
According to a recent announcement, Metaplanet's Board of Directors made the decision to issue the 6th Series of Ordinary Bonds to EVO FUND on February 10, 2025. The proceeds from these stock rights will be used to repay the bonds when due.
The total value of the bond issuance is 4 billion yen. Interestingly, this bond will not earn any interest, meaning the bondholder won't receive periodic payments on the bond's value.
Metaplanet had earlier announced its 2024 financial results, revealing an unrealized gain of about $36 million from holding 1,761 BTC, which were purchased for $137 million.
Recently, Metaplanet had revealed plans to accumulate 10,000 bitcoin (BTC) by the end of 2025 and 21,000 bitcoin by the end of 2026. “Bitcoin is not just an asset; it’s the exit strategy. We’re here to accumulate and lead, not sell,” said Dylan LeClair, Director of Bitcoin Strategy at Metaplanet.
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