Metaplanet Raises Funds for BTC Purchases Through $21.25M in 0% Ordinary Bonds Issue

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Sujha Sundararajan

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Sujha Sundararajan

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Sujha has been recognised as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto journalism.

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Metaplanet Bond issuance

Tokyo-based Bitcoin holdings firm Metaplanet is raising funds through a separate bond issuance to purchase more Bitcoins. The news arrives days after the investment giant bought 555 BTC, bringing its total holdings to 5,555 Bitcoin.

Metaplanet announced on Friday that it would issue 21.25 million USD in 0% Ordinary Bonds to purchase more BTC. The company has already crossed halfway in its ambitious target of holding 10,000 BTC by the end of 2025.

“The funds raised will be allocated to the purchase of Bitcoin,” an official release noted. The decision came during a board of directors meeting on May 9.

Further, the firm said that it will issue a 14th Stock Acquisition Rights to EVO Fund, a Cayman Islands-based equity hedge fund.

Metaplanet’s Bitcoin stash is valued at approximately $575.91 million after its recent purchase, with an average price of $86,672 per Bitcoin, according to Bitcoin Treasuries. Asia’s largest BTC holder ranks 11th globally in crypto reserves.

Metaplanet Allocates Entire Bond Issuance to EVO Fund

Per the company release, the bonds will be redeemed in full at face value on Nov. 7 and will bear no interest.

“However, the Bondholder may request early redemption of all or part of the outstanding bonds” by notifying the company earlier, it read.

With the current price of Bitcoin at $103,679, according to CoinGecko data at press time, Metaplanet would purchase 205 BTC if it raises the full $21.25 million.

‘Tidal Wave’ of More Firms Buying Bitcoin: CEO

Speaking at the Bitcoin for Corporations 2025 on May 6, Simon Gerovich, CEO of Metaplanet, shared the remarkable story of how his company became the top-performing publicly listed equity of 2024 by pivoting fully to a Bitcoin standard.

He revealed how BTC-denominated KPIs and strategic treasury operations turned equity into Bitcoin.

“We are at a tipping point. A tidal wave of corporate Bitcoin adoption is coming,” he said at the event.

In a separate post on X, Gerovich also shared how the company started on Bitcoin standard a year ago and how it stands now after one year. He shared two pictures in comparison.

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