Metaplanet has released 2 billion ($ 13.3 million) through zero-onion bonds to increase its bitcoin holdings.
According to the company AnnouncementBond was approved on 12 March and will mature on 11 September 2025. The raised funds will be used to purchase more bitcoins (BTCs), while the repayment of the 14th to 17th series of Metaplanet is expected to come out of the practice of stock acquisition rights.
Bonds allow for early redemption. Metaplanet can repay them at an inscribed price if it protects adequate funds from stock acquisition rights. Additionally, bondholders may request an initial redemption with advance notice. The issue does not include collateral and guarantee.
Metaplanet is gradually increasing its bitcoin holdings as it adopted bitcoin-centered strategy in 2023. The Metaplanet’s approach is similar to the strategy (earlier microstrate), which has employed a comparable debt-funding model. The company is taking advantage of Japan’s low borrowing costs for the construction of its bitcoin reserves, giving itself a major corporate BTC holder in Asia.
As a purchase of its latest bitcoin on March 5, Metaplanet has placed 2,888 BTCs, recently crossing the Chinese gaming firm Boy Interactive International as the largest corporate bitcoin holder in Asia. Currently it ranks 12th among corporate bitcoin holders worldwide.
With a overall investment of 36.44 billion ($ 242 million), the company’s average BTC purchase price is BT 12.62 million ($ 84,000) per BTC. Metaplanet is aimed at reaching 21,000 BTC by 2026 and 10,000 BTC by the end of 2025. From 1 January to March 5, 2025, its BTC yield, a measure of a fully diluted share bitcoin, 45.1%, Q4 in 2024 after 309.8%.
As more institutions embrace bitcoins and supply become more limited, the approach of metaplanet reflects the growing trend of businesses using state-of-the-art financial instruments to expand its risk for digital assets.
