Metaplanet Issues $21M Bonds for Bitcoin Expansion

Metaplanet’s $21.25 million bond issuance signifies its increasing reliance on debt financing to expand Bitcoin holdings, representing a bold move within Asia’s corporate sector.

Metaplanet has boldly issued $21.25 million in zero-coupon bonds to fund more Bitcoin purchases. Previously, it raised over $71 million in bonds within a week, showcasing a rapid accumulation strategy.

The company’s Representative Director, Simon Gerovich, has made the strategic decision to issue these bonds to the EVO FUND, stating, “The funds raised will be allocated to the purchase of Bitcoin.”

This issuance marks Metaplanet’s extensive Bitcoin acquisition efforts as it continues to strengthen its financial position out of Tokyo.

The bond issuance aims to increase Metaplanet’s Bitcoin holdings, stimulating demand pressure on the market. With no immediate liquidity effects noted in decentralized finance, Bitcoin remains central to Metaplanet’s investment strategy.

This move evokes institutional parallels, including MicroStrategy’s debt-related Bitcoin acquisitions. Metaplanet’s leverage of interest-free debt signifies innovative financing within Japan, potentially affecting corporate treasury norms.

With Metaplanet’s history of debt-backed Bitcoin purchases, the issuance points to a trend towards corporate Bitcoin treasury accumulation. Metaplanet remains the largest non-North American BTC holder, with 5,555 BTC valued at approximately $570 million.