Metaplanet Issues $208M Bonds for Bitcoin Purchase

Metaplanet has issued $208 million in zero-coupon ordinary bonds to acquire additional Bitcoin, significantly increasing its holdings.

Metaplanet’s strategic purchase of Bitcoin positions it as a top-five corporate holder, potentially influencing market liquidity and investor sentiment positively.

Metaplanet has issued about $208 million in zero-coupon ordinary bonds to purchase more Bitcoin. The Board of Directors approved this issuance as part of financial growth strategies. The EVO FUND is the sole subscriber to these bonds.

Simon Gerovich, CEO of Metaplanet, announced the purchase of 1,005 Bitcoins, pushing total holdings to 13,350 BTC. The company aims to hold 30,000 BTC by the end of 2025, with a further goal of 210,000 BTC by 2027.

Simon Gerovich, CEO, Metaplanet, – “Just three months ago, we announced live at our shareholder meeting that we hit 3,350 BTC — and now we’ve added 10,000 more to reach 13,350 BTC” source

This bond issuance highlights Metaplanet’s confidence in Bitcoin’s value. The move places it among the top five holders, overtaking other major firms like Galaxy Digital.

Financial strategies involve using bond proceeds to purchase Bitcoin and redeem prior bonds, indicating an aggressive acquisition strategy. This plan could alter Bitcoin’s market dynamics by reducing its liquid supply, bolstering market confidence.

The growing trend among firms investing in Bitcoin signals a broader institutional acceptance. Historical patterns show such moves boost market trust, mirroring strategies of other significant cryptocurrency investors.

Metaplanet’s decision may prompt regulatory interest, yet no new regulations are evident. The purchase underscores rising institutional trust in Bitcoin, reinforcing its role as a strategic asset.