Metaplanet strikes again! Issued the 12th interest-free corporate bond, and all funds were invested in Bitcoin purchases

Issuing Corporate Bonds Again, Total Amount of 3.6 Billion Yen

Metaplanet Inc. (Tokyo Stock Exchange Standard Market Code 3350) officially announced on May 2, 2025, that the board of directors has resolved to issue the "12th Ordinary Corporate Bond" with a total amount of 3.6 billion yen. The entire bond was subscribed by EVO FUND and will be paid on the same day.

Each bond has a face value of 90 million yen, with a total of 40 bonds issued, scheduled for redemption on October 31, 2025. Unlike typical corporate bonds, this bond does not pay interest and is designed without collateral or guarantor, and does not require a bond manager, demonstrating the high-trust collaborative foundation between Metaplanet and EVO FUND.

Fund Purpose Clear: Continuing to Increase Bitcoin Allocation

According to the announcement, the funds raised from this corporate bond are consistent with the company's January 28 announcement of "Signing of Subscription and Purchase Contract for the 13th to 17th Stock Subscription Rights", and will be entirely used to purchase Bitcoin.

This means Metaplanet is continuing its strategic deployment, using bonds and stock subscription rights as funding sources to accelerate the expansion of its Bitcoin asset position. This is a rare aggressive approach among Japanese listed companies, further reinforcing its corporate positioning of "Bitcoin asset-ization".

Redemption Mechanism Flexible, Linked to New Stock Subscription

According to the announcement, although the bond is expected to be redeemed by the end of October, EVO FUND has the right to request full or partial early redemption by submitting a written notice one business day before the scheduled date.

Additionally, Metaplanet can also proactively redeem early under certain conditions. When the cumulative amount from the exercise of the 15th to 17th stock subscription rights, after deducting amounts used for early redemption, reaches a multiple of 90 million yen, the company can redeem on the next business day or a date agreed by both parties. This design increases fund usage flexibility and creates potential exit opportunities for investors.

Limited Impact on Financial Report, But Continuous Observation Still Necessary

Metaplanet stated that this bond issuance will have minimal impact on the 2025 consolidated financial statement estimates. However, if significant changes occur in the future due to market fluctuations or company operations, they will make timely announcements as required. This statement reveals the company's confidence in risk management and demonstrates its cautious attitude towards investor interests during the process of expanding Bitcoin assets.

Metaplanet at the Forefront of Bitcoin Corporatization

From consecutive stock subscription right issuances to this targeted corporate bond operation, Metaplanet has demonstrated an unprecedented determination to expand its Bitcoin holdings. This move to invest 3.6 billion yen entirely in crypto assets once again positions it as one of the most crypto-strategic listed companies in Japan.

For investors who are optimistic about Bitcoin's long-term value, Metaplanet's actions may be worth noting. Whether there will be more similar operations or expansion into other blockchain assets has become a key market observation point.