Metaplanet to Issue $11.3M Bond to Buy More Bitcoin

Japanese investment firm Metaplanet has announced plans to raise ¥1.7 billion (approximately $11.7 million) through a one-year bond issuance, with the proceeds earmarked for purchasing additional Bitcoin.

Tokyo Stock Exchange-listed Metaplanet is continuing to expand its Bitcoin strategy with the issuance of the third series of ordinary bonds, which will carry a modest annual interest rate of 0.36%. The bonds are fully backed by the company’s president and representative director, Simon Gerovich, according to a regulatory filing made on November 18. The bonds will mature on November 17, 2025, and repayment will be secured by a first-priority mortgage on Hotel Royal Oak Gotanda, a property owned by Metaplanet’s subsidiary, Wen Tokyo Inc.

In response to the announcement, Metaplanet’s shares on the Tokyo Stock Exchange surged by 5%.

This move highlights Metaplanet's ongoing commitment to integrating cryptocurrency into its broader investment strategy. The company assured investors that the financial impact of this bond issuance on its current fiscal year results is expected to be minimal, though it reserved the right to provide updates should there be any significant changes.

As part of its strategy to increase shareholder engagement, Metaplanet also unveiled a new shareholder benefits program. The program offers perks such as Bitcoin-related experiences and discounts through partnerships with SBI VC Trade, The Bitcoin Conference, Bitcoin Magazine, Hotel Royal Oak Gotanda, and Webull Securities. The initiative is designed to encourage long-term investment and deepen its relationship with shareholders.

The bond issuance follows Metaplanet’s recent acquisition of 156.7 BTC for approximately ¥1.6 billion, bringing its total Bitcoin holdings to 1,018 BTC.