Nikolas Sargeant
Tokyo-based Metaplanet is intensifying its commitment to making Bitcoin the cornerstone of its corporate strategy. The company announced Monday it has issued 2 billion yen (approximately $13.3 million) in zero-interest ordinary bonds, with proceeds designated exclusively for purchasing additional Bitcoin.
The bond issuance, approved during a March 31 board meeting, advances Metaplanet's broader initiative to establish Bitcoin as a fundamental element of its corporate treasury.
Strategic Financing Through Zero-Interest Bond Structure
All bonds will be allocated to EVO FUND without interest obligations, with full redemption planned for September 30, 2025. The arrangement includes provisions for early redemption under certain conditions, providing the bondholder with some flexibility.
Metaplanet intends to fund the redemption using proceeds from exercising its existing stock acquisition rights, as outlined in its January 2025 documentation. While the company projects minimal impact on its 2025 financial performance, the strategic implications of this move are significant.
Building a Bitcoin-Centric Corporate Vision
Metaplanet has been steadily evolving into a Bitcoin-focused enterprise, following a model similar to US-based MicroStrategy. Since beginning its Bitcoin acquisitions in April 2024, the company now holds 3,200 Bitcoin—valued at approximately $260.8 million.
Looking forward, Metaplanet has established an ambitious public target to accumulate a 10,000 BTC reserve before the end of 2025.
The company views Bitcoin as protection against Japan's persistent economic challenges, including currency fluctuations and increasing national debt. By anchoring its balance sheet in Bitcoin, Metaplanet is wagering on the long-term strength of decentralized assets rather than fiat currency stability.
In early March, Metaplanet strengthened its advisory team by appointing Eric Trump, a recognized cryptocurrency advocate, as the inaugural member of its newly established Strategic Board of Advisors. According to the company, Trump's involvement will accelerate its mission to promote Bitcoin adoption.
