Metaplanet Inc. Issues its 10th Series of Bonds to Expand its Bitcoin Treasury

On March 31, Metaplanet Inc., Japan's publicly listed company, known for its substantial bitcoin treasury, announced its decision to issue its 10th series of ordinary bonds.

Metaplanet Inc., the Japan-based public company known for its large bitcoin treasury, is issuing the 10th series of ordinary bonds. The company’s board approved the move on March 31, and it will be fully subscribing to the bonds.

The newly issued bonds will be sold at zero interest and will be redeemed at their full face value. They will not be subject to any collateral or guarantees, and no bond administrator is required under Japan’s Companies Act.

The main purpose of this issuance is for Metaplanet to invest the funds into buying more bitcoin. This continues the company’s strategy that was announced in January 2025, when it stated its intention to use cash from stock acquisition rights to increase its bitcoin holdings.

Metaplanet just completed a significant purchase of 150 BTC on March 23, adding to its existing bitcoin reserves of 3,350 BTC.

The latest bond sale further demonstrates Metaplanet’s commitment to expanding its bitcoin treasury.

EVO FUND, an investment fund specialized in digital assets, will be fully subscribing to the bonds. With its expertise in structured financing and backing businesses aligned with blockchain technology, EVO FUND will be assisting Metaplanet in raising the funds needed for its bitcoin investment plans.

This partnership highlights the increasing collaboration between conventional firms and investment funds focusing on digital assets in Japan.

Metaplanet has estimated that the issuance of bonds will have a negligible impact on its financial performance for the year ending December 2025.

Through the issuance of zero-interest bonds, the firm is able to raise capital for its bitcoin strategy without incurring high interest expenses or diluting its current stock.

The firm anticipates minimal financial effects from this action, and it remains focused on its long-term bitcoin investment approach.

Metaplanet’s move to sell bonds backed by no collateral speaks volumes about the confidence it has in its business model and belief in blockchain technology.

Without any immediate financial pressure from interest payments, the company is positioning itself for stellar growth in the digital asset sector.

With the 10th series of bonds and ongoing bitcoin investments, Metaplanet solidifies its leadership in the realm of corporate bitcoin treasuries.

The company’s persistent efforts to expand its bitcoin holdings reflect broader trends of institutional investment and corporate diversification into digital assets.

As the cryptocurrency and blockchain technology market continues to evolve, Metaplanet’s strategy sets it up to capitalize on future growth in the digital asset space.