Issuance of Corporate Bonds Adds Another Entry, Totaling 3.6 Billion Yen
Metaplanet Inc. (Tokyo Stock Exchange Standard Market Code 3350) officially announced on May 2, 2025, that it has resolved through its board of directors to issue a total of 3.6 billion yen in “12th Series Ordinary Corporate Bonds.” These bonds are fully subscribed by EVO FUND, with payment to be completed on the same day.
The face value of each bond in this issuance is 90 million yen, totaling 40 bonds, which are scheduled to be redeemed on October 31, 2025. Unlike typical 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 manager, demonstrating the high level of trust and cooperation 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 the purchase of Bitcoin, consistent with the company’s announcement on January 28 regarding the “Signing of the 13th to 17th Series New Share Subscription Rights Issuance and Purchase Agreement.”
This indicates that Metaplanet is continuing its strategic deployment, using bonds and new share subscription rights as sources of funding to accelerate the expansion of its Bitcoin asset portfolio. Such aggressive operations are rare among publicly listed companies in Japan and further reinforce its corporate positioning as a proponent of “Bitcoin assetization.”
Flexible Redemption Mechanism Linked to New Share Subscriptions
According to the announcement, although the bonds are expected to mature at the end of October, EVO FUND has the right to request full or partial redemption early, simply by providing written notice one business day before the scheduled date.
Additionally, Metaplanet may also proactively redeem early when the cumulative amount from the exercise of the 15th to 17th Series new share subscription rights, after deducting amounts already used for early redemption, reaches an integer multiple of 90 million yen. The company can redeem on the next business day or on a date mutually agreed upon by both parties. This design enhances the flexibility of fund usage and creates potential exit opportunities for investors.
Limited Impact on Financial Reports, Continuous Monitoring Necessary
Metaplanet indicated that the issuance of these bonds is expected to have a minimal impact on the consolidated financial statements for the fiscal year 2025. However, if significant changes occur in the future due to market fluctuations or company operations, timely announcements will be made as per regulations. This statement reflects the company’s confidence in risk management regarding this move, while also highlighting its cautious attitude towards protecting investor interests during the process of expanding its Bitcoin assets.
Metaplanet at the Forefront of Bitcoin Corporate Strategy
From the continuous issuance of new share subscription rights to the current targeted corporate bond operations, Metaplanet is demonstrating an unprecedented determination to expand its Bitcoin holdings. The move to invest a full 3.6 billion yen in cryptocurrency assets positions it as one of the most strategically cryptocurrency-oriented 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 point of market observation.
Risk Warning
Investing in cryptocurrencies carries a high level of risk, as prices can be highly volatile, and you may lose your entire principal. Please assess risks carefully.