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CoinTelegraph 2025-05-29 07:29:22

Metaplanet issues $21M in bonds to buy Bitcoin, a day after $50M raise

Japanese investment company Metaplanet issued $21 million in zero-interest bonds to Evo Fund, a Cayman Islands-based investment firm, just a day after announcing a separate $50 million raise, further accelerating its Bitcoin accumulation strategy. The 17th series of bonds, issued on May 29, comes with a face value of $525,000 each and will mature on Nov. 28, 2025. Unlike traditional debt instruments, these bonds yield no interest, allowing Metaplanet to borrow without additional repayment costs. Under the terms, Evo Fund is entitled to early redemption by giving at least five business days’ notice. The bonds can be redeemed in full or in part, in multiples of $525,000. Metaplanet may also trigger redemptions tied to future fundraising rounds involving the same investor, depending on cumulative payments. There is no collateral or guarantee attached to the bonds, and no bond administrator has been appointed, as permitted under Japanese corporate law. The company has designated its Tokyo office as the location for payment handling. Related: Metaplanet issues $50M in new debt to buy more Bitcoin Metaplanet raised $135.2 million this year Metaplanet has consistently tapped the debt market to fund Bitcoin ( BTC ) purchases, raising $25.9 million in February, $13.3 million in March and $25 million earlier in May . The company’s stated goal is to hold 10,000 BTC by the end of 2025. With this week’s back-to-back fundraising, total capital raised this year has reached $135.2 million. Source: Metaplanet Metaplanet holds about 7,800 BTC, according to BitcoinTreasuries.NET, placing it at number 11 among the largest corporate Bitcoin holders. With holdings now valued at about $840 million, the company’s average purchase price is $91,340 per Bitcoin. In March, the firm added 696 BTC through a combination of exercised cash-secured put options and premiums earned from selling those contracts. It was followed by another purchase of 145 BTC for $13.6 million just before the end of April. Related: Metaplanet’s Bitcoin ‘premium’ nears $600K per BTC Metaplanet announces US subsidiary On May 1, Metaplanet announced plans to launch a wholly owned US subsidiary, Metaplanet Treasury, based in Florida. The entity plans to raise up to $250 million to further its Bitcoin strategy and tap US capital markets. The company has also attracted notable figures. Eric Trump, son of former US President Donald Trump, joined the company’s Strategic Advisory Board in March. Notably, the corporate Bitcoin accumulation strategy is gaining momentum. On May 28, GameStop, the US video game and consumer electronics retailer, confirmed its first Bitcoin investment , acquiring 4,710 Bitcoin. Magazine: Move to Portugal to become a crypto digital nomad — Everybody else is

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