Metaplanet completes raise of 4.0 Billion JPY in Ordinary Bonds to purchase Bitcoin

Metaplanet confirmed receipt of 4.0 Japanese Yen from Evo Fund to purchase more Bitcoin today. The company reviewed its use of funds partially to optimize fund management. On Monday, it announced that it had issued 4 billion yen of ordinary bonds. 

Metaplanet announced on Thursday that it had raised 4 billion yen through its sixth public bond issuance from Evo Fund. The company clarified that it adjusted the original use of the funds to reduce foreign exchange and interest rate risks. 

Metaplanet confirms receipt of 4 Billion JPY after bond issuance 

Metaplanet revealed it planned to use all the capital raised to purchase more Bitcoin, with a goal of 21,000 BTC in its treasury by the end of 2026. It also revealed it planned to allocate JPY 107.3 billion($717 million) to Bitcoin purchases through February 2027. The company added that it planned to invest an additional JPY 5 billion in the Bitcoin income generation business through December 2025.

*Metaplanet Completes Raise of 4.0 Billion JPY in 0% Unsecured, Unguaranteed Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/9BIH6fmLqs

— Metaplanet Inc. (@Metaplanet_JP) February 13, 2025

It also confirmed it had received the funds from the Evo fund and currently holds 1,761,98 BTC, valued at JPY 27.9 billion. In the funding review, Metaplanet included a JPY 4 billion bond redemption scheduled for August 2025, noting that the redemption would be secured through new stock acquisition rights. 

In its announcement, Metaplanet cited recent economic challenges in Japan, including the Yen’s depreciation due to inflation and high debt. It added that negative interest rates also affected the Japanese Yen’s value, driving its Bitcoin adoption strategy. 

Metaplanet previously disclosed that it viewed Bitcoin as a primary reserve asset and a hedge against inflation and Yen devaluation. It added that by acquiring more Bitcoin, it believed that it could achieve sustainable corporate value growth.

Metaplanet also commented that using the funds would not impact the consolidated financial results of the company group for the fiscal year 2025. It added that if any matter requiring disclosure arises in the future, it would be announced. 

Metaplanet unveils strategic plan on its BTC yields 

Metaplanet revealed it aimed at a 35% quarter-over-quarter growth for 2025 on Bitcoin yield. The company also confirmed a 309.82% BTC yield for the fourth quarter of 2024 after a 41.7% BTC yield in the third quarter.

Dylan LeClair, Metaplanet’s Director at Bitcoin Strategy, said the company was committed to measuring its success in Bitcoin instead of traditional fiat currencies. He also emphasized that the company’s vision was to maximize Bitcoin per share for its shareholders. LeClair added that Bitcoin was an asset and an exit strategy.

On Wednesday, Metaplanet’s stock recorded an all-time high of 7,020 JPY. The company revealed its stock witnessed a 4000% surge since adopting its Bitcoin strategy. Microstrategy’s CEO, Michael Saylor, praised the firm for implementing its Bitcoin adoption strategy shortly after the announcement.   

Metaplanet CEO Simon Geovich announced that the company’s stock will be included in the Morgan Stanley Capital International(MSCI) Japan index effective February 28, 2025. The move is said to increase the company’s visibility to more institutional investors. Gerovich added that the stock’s inclusion in the MSCI index validated the company’s surge after executing its Bitcoin strategy. 

According to the company’s data, Metaplanet’s shareholder base grew by 500% in 2024 to approximately 50,000 investors. The increase was reportedly partly due to Japam’s Nippon Individual Savings Account program, which allowed tax-free stock investment. The program is said to have made Metaplanet a preferred choice among investors who make direct Bitcoin purchases subject to the country’s capital gains tax. 

Microstrategy also announced that it had purchased an additional 7,633 BTC for $742 million this week, bringing its Bitcoin holdings to 478,740 BTC.

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