Metaplanet Raises $25 Million Through Bonds to Boost Bitcoin Reserves

Metaplanet Taps EVO FUND for $25M Bond Deal to Deepen Bitcoin Bet

Metaplanet (3350), the Tokyo-based hospitality firm turned crypto-heavyweight, has raised 3.6 billion yen (roughly $24.8 million) through a bond issuance to ramp up its Bitcoin (BTC) purchases. The move signals continued conviction in BTC as the company’s holdings now exceed 5,000 coins.

The bonds—issued interest-free and due for full repayment on October 31, 2025—were entirely acquired by EVO FUND, according to a company filing. Early redemption is on the table, should the bondholder request it.

Proceeds from the bond are earmarked solely for Bitcoin accumulation, aligning with a previously outlined strategy involving stock acquisition rights. Metaplanet plans to fund the bond’s repayment using capital raised through the exercise of those rights, effectively tying its debt service to market appetite for its equity instruments.

If investor participation is strong and proceeds surpass certain levels, Metaplanet may opt to repay part or all of the bond ahead of schedule.

Shares of Metaplanet closed up 8.6% at 428 yen in the latest session, as investors continue to reward the firm’s bold crypto-centric capital strategy.

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