The notes will be structured as zero-coupon instruments with no interest. Each bond carries a face value of $625,000 and will be redeemed in full on Nov. 7, 2025.
Bondholders will retain the right to request early redemption with one business day’s notice, while Metaplanet can also trigger partial redemptions if it receives equivalent proceeds from its 15th and 16th Series Stock Acquisition Rights.
Metaplanet confirmed that the proceeds will be used to acquire Bitcoin, in line with a Jan. 28 filing that detailed its multi-series financing and stock acquisition strategy.
The bonds are unsecured and non-guaranteed, and no bond administrator will be appointed under Japan’s Companies Act, as the issuance meets specific legal exemptions.
This week, Metaplanet acquired an additional 555 BTC for approximately $53.4 million, bringing its total Bitcoin holdings to 5,555 BTC.
Despite the scale of the new bond issuance, Metaplanet stated the move is expected to have minimal impact on its consolidated financial results for the fiscal year ending December. The company committed to providing updates should any material developments occur.
Metaplanet’s aggressive Bitcoin strategy reflects a broader trend among corporates adopting digital assets as part of their treasury reserves, a shift that continues to reshape capital management practices around the world.
