Metaplanet raises $208 million to increase Bitcoin holdings and expand global presence

Japanese listed company Metaplanet recently issued its 19th series of ordinary bonds, totaling 30 billion yen (approximately $208 million). The bonds are zero-interest, unsecured, and fully subscribed by EVO FUND. Of the funds raised, 1.75 billion yen will be used to repurchase previous bonds, while the remainder will be invested in purchasing Bitcoin.

Subsequently, Metaplanet announced the purchase of an additional 1,005 Bitcoins at an average price of approximately $107.923 each, totaling about $108 million. The company currently holds a total of 13,350 Bitcoins, solidifying its position as a major BTC holder in the Asia region.

Despite the bonds being zero-interest and unsecured, EVO FUND is still willing to fully subscribe, reflecting that this is a strategic investment. Investors purchase the bonds at a significant discount and receive the face value upon maturity, thus gaining profit from the price difference. At the same time, EVO FUND is betting on the rise of Bitcoin prices and the long-term growth of Metaplanet's market value. Since this is a private agreement between the two parties, it may also include terms for conversion of shares or long-term cooperation.

Previously, Metaplanet announced an investment of $5 billion in its U.S. subsidiary to expand its global scale and promote international business in the digital asset field.

This strategy is similar to MicroStrategy, utilizing debt financing and long-term Bitcoin accumulation to accelerate the digitalization of corporate assets, positioning Metaplanet as a leader in the institutional Bitcoin investment wave in the Asia region.