Metaplanet raised 50 million dollars to grow its Bitcoin holdings through new zero-interest bonds.
EVO FUND backs Metaplanet by subscribing to multiple bond rounds to support Bitcoin purchases.
Metaplanet plans to expand in the US with a new subsidiary and up to 250 million dollars capital.
Japanese crypto investment firm Metaplanet announced a $50 million fundraising through its 16th series of ordinary bonds. The proceeds will boost the company’s Bitcoin portfolio. Each bond has a face value of $1.25 million and carries no interest rate. Redemption is scheduled for November 27, 2028, at par value.
https://twitter.com/Cointelegraph/status/1927537893267939593 Bond Terms and Redemption Options
Bondholders may request early redemption by submitting a written request five business days before the desired date. The company also holds the right to redeem bonds earlier if it meets certain fundraising targets. Specifically, if Metaplanet raises multiples of $1.25 million in future fundraising rounds, it may redeem corresponding multiples of bonds.
These bonds are unsecured and lack collateral, guarantees, or administrative institutions. This aligns with Metaplanet’s corporate policies. The company expects the bond issuance to have minimal impact on its consolidated financial results for the fiscal year ending December 2025.
Investor Interest and Market Context
Metaplanet recently topped Japan’s Nippon Individual Savings Account (NISA) stock rankings. However, the company noted a need to improve its standing in total balance rankings. Executives believe educating investors to view Metaplanet as a long-term option could enhance its overall position.
Japanese investors are reportedly expanding their Bitcoin holdings through NISA’s zero-tax investment scheme. The leverage features within NISA appear to make Bitcoin investments more attractive and accessible.
Backing from EVO FUND and Expansion Plans
The 16th series bond issuance adds to nearly $100 million raised through previous rounds. The Cayman Islands-based EVO FUND has been the primary backer, subscribing exclusively to multiple bond tranches. This capital supports Metaplanet’s aggressive Bitcoin acquisition strategy.
In addition, Metaplanet launched a wholly owned subsidiary in Florida to advance its Bitcoin treasury strategy. The company plans to allocate up to $250 million in capital to access US institutional liquidity. This expansion targets the growing crypto market in the United States.
Market Skepticism and Institutional Strategy
Despite its growth, Metaplanet faces scrutiny. Research firm 10X Research highlighted that the company’s stock valuation implies a Bitcoin price far above market rates. This has made Metaplanet the most shorted stock in Japan.
Still, Metaplanet remains committed to its Bitcoin-focused strategy. The latest bond issue signals confidence in Bitcoin as a strategic hedge and a long-term asset. The company continues to navigate a volatile market while expanding its digital asset holdings.
