Japanese listed company Metaplanet announced that it will issue $21.25 million in zero-interest bonds to fund additional Bitcoin purchases. This is the third bond issuance the company has issued in just one week, continuing its aggressive Bitcoin accumulation strategy.
The Tokyo-based company will issue its 14th general bond to the EVO Fund, each with a face value of $625,000, according to regulatory filings on Friday. Bonds will mature on November 7, 2025 with no interest rates.
“The funds raised will be allocated to the purchase of Bitcoin,” Metaplanet said in the filing. The company began mentioning its previously disclosed Bitcoin acquisition strategy starting in January 2025. The company plans to obtain bond redemption funds through the exercise of its Series 15 and 16 stock acquisition rights.
The latest bond issuance comes after two separate $25 million pay raises earlier this week, providing Metaplanet’s total bonds over $71 million in seven days. The company currently holds 5,555 bitcoins at its current price, worth approximately $570 million, making it the largest Bitcoin Treasury Department among publicly traded companies outside North America.
Simon Gerovich, representative director of Metaplanet, has been guiding the company’s Bitcoin-focused strategy since early 2024. The company ranks the 11th largest publicly traded company in the world, lagging only behind North American entities such as Strategy and BlackRock’s Bitcoin ETF.
Under the terms of the bond agreement, the EVO fund may require early redemption in a one-working day notice. Additionally, if the stock acquisition rights practice exceeds a certain threshold, Metaplanet can initiate a $625,000 redemption early in increments of $625,000.
“The issuance of these bonds is expected to have the least impact on consolidated financial performance for the fiscal year ended December 2025. We will provide updates immediately if there is any material impact on our financial performance or other matters.”
At press time, Bitcoin was trading at $102,858, up 3.11% over the past 24 hours as institutional demand for Bitcoin continued to grow through a variety of investment tools.
The issuance represents Metaplanet’s continued commitment to establishing a Bitcoin position through strategic debt, following the investment method pioneered by Bitcoin holders around the world.
