Metaplanet Issues $21.25M in Zero-Interest Bonds to Buy More Bitcoin

Building on this momentum, Metaplanet confirmed on Friday that it will raise $21.25 million through a 0% ordinary bond offering. The proceeds from this issuance will be allocated exclusively toward acquiring additional Bitcoin. With this move, the firm has surpassed the halfway point of its ambitious goal to hold 10,000 BTC by the end of 2025.

The decision to issue the new bonds and dedicate the funds to Bitcoin was formally approved during a board of directors meeting on May 9. This underscores the company’s strategic commitment to deepening its exposure to digital assets.

As a result of its latest acquisition, Metaplanet’s total Bitcoin holdings now amount to approximately $575.91 million, with an average purchase price of $86,672 per BTC, according to data from Bitcoin Treasuries. With these holdings, Metaplanet now stands as Asia’s largest Bitcoin holder and ranks 11th globally in terms of corporate crypto reserves.

According to the company’s official statement, the newly issued bonds will be fully redeemed at face value on November 7, carrying zero interest. However, bondholders will have the option to request early redemption by providing advance notice to the company, offering flexibility to investors.

Based on Bitcoin’s current trading price of $103,679, as reported by CoinGecko at press time , Metaplanet could potentially acquire around 205 BTC if the full $21.25 million is raised through this bond issuance.

Notably, Metaplanet’s purchase of an additional 555 BTC, paired with its new bond initiative, signals unwavering confidence in the long-term value of digital assets. As institutional interest in cryptocurrency continues to grow, the firm is positioning itself at the forefront of corporate Bitcoin adoption.

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