Metaplanet Takes Action Again! Issues 12th Series of Interest-Free Corporate Bonds, with Funds Fully Invested in Bitcoin Purchases
Issuance of Corporate Bonds Adds Another Entry, Total Amount 3.6 Billion Yen
Metaplanet Inc. (Tokyo Stock Exchange Standard Market Code 3350) officially announced on May 2, 2025, that its Board of Directors has resolved to issue the “12th Ordinary Corporate Bonds” totaling 3.6 billion yen. These bonds will be fully subscribed by EVO FUND and payment will be completed on the same day.
This issuance has a face value of 900 million yen per bond, with a total of 40 bonds issued, scheduled for redemption on October 31, 2025. Unlike general corporate bonds, these bonds do not pay interest, are designed to be unsecured and without a guarantor, and do not require the appointment of a bond trustee, reflecting the high-trust cooperative foundation between Metaplanet and EVO FUND.
Clear Use of Funds: Continued Investment in Bitcoin
According to the announcement, the funds raised from this corporate bond issuance will be used entirely for purchasing Bitcoin, consistent with the company’s announcement on January 28 regarding the “Signing of the 13th to 17th New Share Subscription Rights Issuance and Purchase Agreement.”
This indicates that Metaplanet is continuing its strategic deployment to accelerate the expansion of its Bitcoin asset holdings by using bonds and new share subscription rights as sources of funds. This aggressive operation is rare among publicly listed companies in Japan and further reinforces its corporate positioning of “Bitcoin Assetization.”
Flexible Redemption Mechanism Linked to New Share Subscription
According to the announcement, although the bonds are expected to mature and be redeemed at the end of October, EVO FUND has the right to request full or partial early redemption by providing written notice one business day before the scheduled date.
Additionally, Metaplanet can also voluntarily redeem early if certain conditions are met. When the cumulative amount obtained from exercising the 15th to 17th new share subscription rights, after deducting the portion used for early redemption, reaches an integer multiple of 900 million yen, the company may redeem on the next business day or on a date agreed upon by both parties. This design enhances the flexibility of fund utilization and creates potential exit opportunities for investors.
Limited Impact on Financial Statements, Ongoing Observation Necessary
Metaplanet stated that the issuance of this bond will have a slight estimated impact on the consolidated financial statements for the fiscal year 2025. However, if significant changes occur due to market fluctuations or company operations in the future, timely announcements will be made as required. This statement reflects the company’s confidence in risk management regarding this action and highlights its prudent attitude towards investor rights while expanding its Bitcoin assets.
Metaplanet at the Forefront of Bitcoin Corporatization
From the consecutive issuance of new share subscription rights to this targeted corporate bond operation, Metaplanet demonstrates an unprecedented determination to expand its Bitcoin holdings. The full investment of 3.6 billion yen into crypto assets once again positions it as one of the most strategically cryptocurrency-oriented representatives among publicly listed companies in Japan.
For investors optimistic about Bitcoin’s long-term value, Metaplanet’s actions may be worth attention. Whether there will be more similar operations or expansions into other blockchain assets in the future has become a key focus of market observation.
Risk Warning
Investment in cryptocurrencies carries a high level of risk, and their prices may fluctuate significantly, which could result in the loss of your entire principal. Please assess the risks with caution.
