Metaplanet continues its Bitcoin purchases with $21M

Metaplanet announced on Thursday that it had decided to issue the 17th Series of Ordinary Bonds to EVO FUND, a Cayman Islands-based investment firm. The company issued $21 million in zero-interest bonds to purchase additional Bitcoin.

The company noted that the zero-interest bonds will have a face value of $525,000 per bond. Metaplanet acknowledged in its notice of issuance that it may redeem a corresponding multiple of Bonds at $1 per $1 of face value if it contributes enough money in future fundraisings.

Metaplanet continues its Bitcoin purchases 

*Metaplanet Issues 21 Million USD in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/uQKEQSBN9S

— Metaplanet Inc. (@Metaplanet_JP) May 29, 2025

Metaplanet is adding more Bitcoin with zero-interest bonds, continuing its string of debt-funded buys as it nears the 10,000 BTC goal by the end of 2025. The company issued its latest $21 million bonds on May 29, which it revealed will be repaid on November 28. The bonds are similar to obtaining a loan but with zero interest, meaning Metaplanet receives funds at no added cost until maturity.

Metaplanet noted that the bond deal includes flexible repayment terms. One term is that EVO FUND can request its money back early, provided the investor receives at least five business days’ notice, providing an exit option if needed.

The firm has raised capital through several bond issuances this year, including $25.9 million in February, $13.3 million in late March, and $25 million earlier this month. Its latest issuance follows another notice just a day earlier for a separate amount of $50 million. 

The company said in its May 28 announcement it’s raising $50M through bonds, which will be issued in $1.25 million denominations and will carry on interest. The investment firm noted that investors will not receive regular payments, with any potential profit expected to come from the bonds’ redemption value.

The Tokyo Stock Exchange-listed company’s total debt raised this year has reached roughly $135.2 million. Metaplanet acquired another 696 BTC in late March through a combination of exercised cash-secured put options and premiums from selling those options.

The firm said it acquired the coins as part of its Bitcoin Income Generation strategy, which involves selling put options and using the collateral to purchase Bitcoin at an effective discount. Metaplanet’s strategy generated $5.1 million in premiums in Q1 2025 alone, an 11.4% increase from the previous quarter. The strategy also helped the company to acquire Bitcoin at an effective price of just $88,800 per coin, below market rates at the time of execution.

Metaplanet also appointed President Trump’s son, Eric Trump, to its Strategic Advisory Board in the same month. The firm expects Eric to bring his experience in real estate, finance, and brand development to assist its drive in Bitcoin adoption. 

At the time of publication, data showed that the company now ranks as the 11th biggest corporate holder of Bitcoin. The data also revealed that Metaplanet currently holds 7,800 Bitcoin, which accounts for 78% of its goal. 

The Japanese investment firm’s record holdings are currently worth approximately $841.85 million, purchased at an average price of $91,340 per BTC. At the time of publication, Bitcoin was exchanging hands at around $108,000, a 13.89% increase from the last month.

Metaplanet plans to establish a U.S. subsidiary

Metaplanet announced on May 1 plans to launch a wholly owned subsidiary in Florida. The company acknowledged that it aims to raise $250 million for its new subsidiary.

“With planned capital of up to $250 million, this move will accelerate its Bitcoin treasury strategy and serve as a crucial step in expanding access to liquidity for institutional investors in one of the world’s leading capital markets.”

–Simon Gerovich, CEO of Metaplanet.

The Japanese investment firm said it will operate its new entity as Metaplanet Treasury Corp. to expand its access to U.S. institutional investors and bolster 24-hour operations across time zones. Gerovich noted that the company chose Florida because it is rapidly emerging as a global hub for Bitcoin innovation, corporate adoption, and financial liberation.

The investment company believes the move will strengthen its continuous operational capabilities and solidify its position in the U.S. market. Florida’s state business registry shows the records of the company’s Treasury Corp.

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