Metaplanet issues ¥80 billion in zero-coupon bonds to purchase Bitcoin

According to an official announcement released by Metaplanet Inc. on April 24, Metaplanet, a company listed on the Tokyo Stock Exchange, announced the issuance of its 20th series of unsecured straight bonds. The total issuance amount is 8 billion yen (approximately $50 million), fully subscribed by EVO FUND. The raised funds will be used to purchase bitcoin (BTC).

Metaplanet Bond Offering Details for the 20th Series

According to Metaplanet’s official announcement on April 24, the key terms of this bond issuance are as follows: The bonds are zero-coupon bonds with a par value of 200 million yen per bond, a maturity date of April 23, 2027, and holders may apply for early redemption. In the announcement, Metaplanet stated that the impact of this bond issuance on the company’s consolidated financial results for December 2026 will be limited.

Amendment to the Use of Proceeds from the 27th Round Stock Subscription Warrants

According to Metaplanet’s official announcement, the company also adjusted its plan for the use of proceeds from the 27th series of stock subscription warrants. Under the revised plan, out of the 37.14B yen raised through the 27th round of stock subscription warrants, 8 billion yen will be used to redeem the newly issued bonds during the period from April 2026 to April 2027, and 25.42B yen will be used to buy bitcoin.

Metaplanet stated in the announcement that the above phased arrangement is intended to ensure timely and flexible acquisition of bitcoin, while gradually expanding its bitcoin holdings by managing financing in line with market conditions and share price.

Capital Group Increases Its Stake in Metaplanet

Based on publicly disclosed information, U.S. asset management firm Capital Group increased its holdings of Metaplanet shares by 2.79 million shares this week, bringing its total stake to 3.85 million shares, with the current value of its holdings at approximately $8.8 million. Capital Group manages assets worth over $2 trillion.

Metaplanet currently holds more than 1,000 bitcoins, with a current value of over $60 million. It uses a bitcoin reserve strategy similar to MicroStrategy, treating bitcoin as its primary reserve asset to hedge against yen inflation.

Frequently Asked Questions

What are the main terms of Metaplanet’s 20th series zero-coupon bonds?

According to Metaplanet’s official announcement on April 24, the total issuance amount of this bond offering is 8 billion yen (approximately $50 million), fully subscribed by EVO FUND. The bonds are zero-coupon, with a par value of 200 million yen per bond. The maturity date is April 23, 2027. Holders may apply for early redemption, and the proceeds will be used to purchase bitcoin.

How is the proceeds allocation plan for Metaplanet’s 27th round stock subscription warrants structured?

According to Metaplanet’s official announcement, the 27th round stock subscription warrants raised a total of 8B yen. Under the revised allocation plan: 8 billion yen will be used to redeem the newly issued bonds between April 2026 and April 2027, and 37.14B yen will be used to purchase bitcoin.

What is the scale and background of Capital Group’s increase in its stake in Metaplanet?

According to publicly disclosed information, Capital Group increased its holdings of Metaplanet shares by 2.79 million shares this week, bringing its total stake to 3.85 million shares, with the current value of its holdings at approximately $8.8 million; Capital Group is a large U.S. asset management firm managing assets worth over $2 trillion.