The Japanese public company Metaplanet announced that it will issue $ 21.25 million in zero coupon bonds to finance further Bitcoin purchases. This is the company’s third bond issue in just one week and continues its aggressive Bitcoin accumulation strategy.
According to a regulatory archiving on Friday, the Tokyo-based company issues its 14th row of common bonds for EVO Fund, with each bond having a face value of $ 625,000. The bonds mature on November 7, 2025 and have no interest.
“The funds raised will be awarded the purchase of Bitcoin,” the Metaplan said in the archiving, referring to its previously revealed Bitcoin acquisition strategy from January 2025.
The latest issue of bonds will follow two separate $ 25 million trips earlier this week, bringing the metaplan’s total bond offer to over $ 71 million in seven days. The company currently has 5,555 Bitcoin worth approx. $ 570 million at current prices, making it the largest Bitcoin state box among listed companies outside North America.
Simon Gerovich, representative director at Metaplanet, has managed the company’s Bitcoin-focused strategy since the beginning of 2024. The company ranks as the 11th largest public company’s Bitcoin owner globally, which only draws North American devices such as strategy and Blackrocks Bitcoin Etf.
According to the conditions of the bond agreement, the EVO Fund may request early redemption with a working day notice. In addition, the metaplanet can initiate early redemptions in steps of $ 625,000 if the income from share purchase rights exercises exceeds certain thresholds.
“The issuing of these bonds is expected to have a minimal influence on the company’s consolidated financial results for the financial year, which ends December 2025. If any significant influence on our financial results or other conditions, we will give an update immediately,” the company noted in its archiving.
Bitcoin traded with $ 102,858 at the time of press, an increase of 3.11% over the last 24 hours as institutional demand for Bitcoin continues to grow through various investment vehicles.
The issue represents the Metaplan’s ongoing obligation to build its Bitcoin position through strategic debt offerings, according to the investment method pioneering by large institutional Bitcoin holders globally.