Metaplanet launches new $25M bond to resume BTC buying

Metaplanet issued another short-term bond, valued at 3.6B JPY, or close to $25M. The company intends to continue BTC purchases both as a native entity and through its global subsidiaries. 

Metaplanet announced another short-term bond for 3.6B JPY, or close to $25M. The company intends to resume its BTC purchases, with the intention of adding up to 5K BTC by the end of the year. 

Metaplanet issued an ordinary short-term bond with a 100 JPY face value, to be redeemed on October 31. 

*Metaplanet Issues 3.6 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/e3UIEP7csr

— Metaplanet Inc. (@Metaplanet_JP) May 2, 2025

The bond is not yield-bearing, and there is still no data for the market price at which it will open. The bond is the 12th series of ordinary debt instruments for the company. The bond redemption will be financed from Metaplanet’s stock acquisition rights. If the company achieves sufficient proceeds from its stock acquisition rights, it may proceed with the immediate redemption of the outstanding bonds.

The new bond plan from Metaplanet came just a day after the company announced plans to launch a US subsidiary, registered in Florida. The new entity will have up to 250M in capital to buy more BTC. 

Metaplanet boosts BTC confidence

Previously, Metaplanet covered outstanding debt before its maturity date, and the new bond had the same option. The company aims to build a healthy balance sheet with lower debt, while reflecting its BTC earnings. 

Following the news, Metaplanet shares continued their expansion, to trade at 428 JPY. The shares rose by nearly 20% in the past working week, matching the company’s social media presence and overall hype for corporate BTC buyers. 

The company’s CEO, Simon Gerovich, noted Metaplanet trading volumes were trending up, reflecting the recent BTC rally. 

Yesterday marked our 4th consecutive record volume day. A warm welcome to all our new shareholders 🇺🇸 https://t.co/Refk6TpOKR pic.twitter.com/CfA7PeNq9N

— Simon Gerovich (@gerovich) May 2, 2025

The small-scale acquisitions of Metaplanet led to more corporations building treasuries from scratch. In the past weeks, the number of corporate entities rose to a total of 101 holders, up from a recent tally of 92 companies. The total number of BTC stored in treasuries is up to 3.26M coins.

Metaplanet is a relatively small holder, ranked 11th based on corporate treasuries. The company’s high profile and visible marketing, however, earned it the reputation of Japan’s Strategy (MSTR). 

Metaplanet continued its BTC buying alongside Strategy, though at a smaller scale. Others, like MARA Holdings, have slowed down their acquisition schedule. Despite the active accumulation of BTC, so far the market price has not responded with a massive rally. However, treasuries have grown significantly, making holders more reluctant of selling or even transferring BTC. 

The recent announcement arrived as BTC was hovering around $97,000, pointing to a higher acquisition price for Metaplanet. The company already has an average acquisition price above $85,000 per BTC, with open market operations in the past weeks. 

Corporate Bitcoin buyers will also receive additional focus from the Bitcoin for Corporations conference, organized by Strategy. The meeting in Orglando, Florida, will host the most prominent buyers of BTC for the past year.

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