On May 29, 2025, Japanese investment company Metaplanet issued $21 million in zero – interest bonds to Evo Fund, a Cayman Islands – based investment firm. This came just a day after the company announced a separate $50 million raise, further accelerating its Bitcoin accumulation strategy.
Details of the Bond Issuance
Bond Terms: The 17th series of bonds has a face value of $525,000 each and will mature on November 28, 2025. Evo Fund is entitled to early redemption by giving at least five business days’ notice. The bonds can be redeemed in full or in part, in multiples of $525,000. Metaplanet may also trigger redemptions tied to future fundraising rounds involving the same investor, depending on cumulative payments. There is no collateral or guarantee attached to the bonds, and no bond administrator has been appointed, as permitted under Japanese corporate law. The company has designated its Tokyo office as the location for payment handling.
Metaplanet’s Bitcoin – Buying Strategy
Metaplanet has consistently tapped the debt market to fund Bitcoin purchases, raising $25.9 million in February, $13.3 million in March, and $25 million earlier in May. The company’s stated goal is to hold 10,000 BTC by the end of 2025. With the recent back – to – back fundraising, the total capital raised this year has reached $135.2 million. According to bitcointreasuries.net, Metaplanet holds about 7,800 BTC, placing it at number 11 among the largest corporate Bitcoin holders. Its holdings are now valued at about $840 million, with an average purchase price of $91,340 per Bitcoin.
Other Related Developments
On May 1, Metaplanet announced plans to launch a wholly – owned US subsidiary, Metaplanet Treasury, based in Florida. The entity plans to raise up to $250 million to further its Bitcoin strategy and tap into US capital markets. In addition, the company has attracted notable figures. Eric Trump, son of former US President Donald Trump, joined the company’s strategic advisory board in March.
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