Metaplanet Raises $13.6M in Bonds to Fuel Its Crypto Ambitions

Metaplanet, one of Japan’s most talked-about investment firms, has issued $13.6 million in zero percent ordinary bonds recently. According to reports from the island country, this fund is supposed to be used to buy more Bitcoin and increase Metaplanet’s holdings in digital assets. 

In a regulatory filing made on February 27^th, the organization had said that the bonds don’t carry any kind of interests at all. If needed, they can also be redeemed at face value on August 26^th, 2025. Nonetheless, EVO FUND, the bondholder, has the option to ask for an early redemption at any time. They can make this tp acquire either a part of the outstanding bond or the entirety of it. But the request needs to be made at least one business day in advance, as per the document.  

Also, the allocation of this bond issuance will be entirely allocated to EVO FUND. Nevertheless, there’ll be no collateral or guarantee attached to the bonds. Despite this positive news, however, Metaplanet’s shares have dropped by almost 25% due to the ongoing decline in crypto pricing. 

What is Metaplanet’s Strategy? 

Similar to Strategy – the USA-based tech conglomerate – Metaplanet has also been growing their hold in the cryptocurrency market. They have also launched a new program called Bitcoin Treasury Operations, which has been dealing in this segment for the organization. The firm has been extremely active in the market and grew its BTC yield by over three hundred percent in the final quarter of 2024. However, the growth has slowed down a little to 23.2% this year, as the company increased the total number of its shares. It seems like they’ll start making investments again, considering it has added 135 BTC more to its treasury two days ago.