Metaplanet, the Japanese investment firm rapidly becoming a major player in the corporate Bitcoin arena, has announced another $21.25 million bond issuance aimed solely at purchasing more Bitcoin. The move comes just days after the firm’s latest BTC acquisition and signals an aggressive expansion of its crypto-focused treasury strategy.
$21.25M Bond Deal Targets Bitcoin Acquisition
In a statement released on May 9, Metaplanet confirmed it will issue “0% Ordinary Bonds” worth $21.25 million, with all proceeds earmarked for Bitcoin purchases. These zero-coupon bonds offer no interest and are typically sold at a discount, with full face value returned at maturity.
Following a board meeting on the same day, Metaplanet also approved the issuance of its 14th Stock Acquisition Rights to the EVO Fund, a Cayman Islands-based investment manager. These rights carry a redemption date of November 7.
Based on current market prices, the bond issuance could allow the firm to acquire approximately 206 additional BTC, according to data from CoinGecko.
Metaplanet Now Asia’s Largest Public Bitcoin Holder
Metaplanet’s Bitcoin buying spree has pushed it to the top of Asia’s list of public corporate BTC holders. According to BitcoinTreasuries.NET, the company now ranks 11th globally.
On May 7, Metaplanet revealed it had spent $53.4 million acquiring 555 BTC at an average price of $96,134 per coin. That purchase brought its total holdings to 5,555 BTC, valued at $481.5 million and acquired at an average price of $86,672.
The company’s Tokyo-listed stock (3350T) has surged over 1,600% in the past year, currently trading at 511 Japanese yen ($3.50), according to Google Finance.
A Series of Strategic Moves to Scale Bitcoin Exposure
The May 9 bond issue follows another $25 million issuance of zero-coupon bonds announced just two days earlier, also designated for Bitcoin purchases.
In a broader push to expand its crypto strategy, Metaplanet revealed plans on May 1 to launch a U.S. subsidiary—Metaplanet Treasury—based in Florida. The new arm aims to raise $250 million to deepen the firm’s Bitcoin position and gain access to U.S. capital markets.
