Metaplanet to buy more Bitcoin with $11.3m bond issuance

Japanese investment advisor Metaplanet announced plans to issue ¥1.7 billion of 0.36% one-year bonds to purchase more Bitcoin.

Tokyo Stock Exchange-listed Metaplanet is doubling down on its Bitcoin (BTC) strategy by issuing ¥1.75 billion of ordinary bonds (about $11.7 million as of press time) to fund additional BTC purchases.

The third series of ordinary bonds allocated exclusively to EVO FUND carry an interest rate of 0.36% per annum and are fully guaranteed by Simon Gerovich, the company’s president and representative director, according to a regulatory filing filed on Nov. 18.

The bonds will mature on November 17, 2025, and repayment will be provided through a first priority mortgage on Hotel Royal Oak Gotanda, a property owned by Metaplanet subsidiary Wen Tokyo Inc.

Amid the news, Metaplanet shares on the Tokyo Stock Exchange rose 5%.

The move underscores the Japanese company’s commitment to crypto as part of its broader investment portfolio. Metaplanet also assured shareholders that the financial impact of this issuance on its financial year results is “expected to be minimal” while leaving room for further updates should material changes arise.

Additionally, to increase shareholder engagement, Metaplanet has partnered with SBI VC Trade, The Bitcoin Conference, Bitcoin Magazine, Hotel Royal Oak Gotanda and Webull Securities to announce a new shareholder benefits program offering shareholders benefits including Bitcoin-related experiences and discounts. Encourage long-term investments.

The announcement brings Metaplanet’s total Bitcoin holdings by over 1,000 BTC to 1,018 BTC, following its recent purchase of 156.7 BTC for approximately ¥1.6 billion.