Japanese Bitcoin treasury firm Metaplanet has announced a fresh $21 million bond issuance to fund additional purchases of Bitcoin.
The issuance of its 17th series of ordinary bonds bearing no interest is scheduled for redemption on November 28, 2025. On Wednesday, the Tokyo-listed investment firm issued $50 million in a new series of bonds, pushing further its aggressive accumulation strategy.
At current prices, the company could buy 195 Bitcoin from the issuance of $21 million, according to CoinGecko. Metaplanet first flagged plans to buy Bitcoin in April 2024 and has set an ambitious target of holding 10,000 BTC by the end of 2025.
The company clarified that each of the bonds would have a face value of $525,000 and shall be redeemed at par.
Bonds Issuance Would Have Minimal Impact on Metaplanet’s 2025 Financial Results
Besides, Metaplanet’s stock has shot up more than 1,985% in the last year and is trading for 1,168 Japanese yen ($8.01), according to Google Finance.
With its current stash of 7,800 Bitcoin valued at over $839 million, BitcoinTreasuries.NET data shows that the firm is Asia’s largest public corporate holder of Bitcoin and ranks 11th globally. The company accumulated 1,004 BTC early this month.
The new entity would expand its access to U.S. institutional investors and bolster 24-hour operations across time zones, Metaplanet said. On Wednesday, nearly $1 billion was traded daily on Metaplanet, showing increased investor interest. CEO Simon Gerovich shared on X that the company had hit a $5 billion market cap milestone, with its stock price finishing the trading day up 9.5%. “Bitcoin to the moon,” wrote Gerovich.
Last month, the firm announced plans to establish a U.S. subsidiary, aiming to raise $250 million to further fuel its Bitcoin treasury strategy.