Metaplanet Issues $10M Dollar Bonds to Snap Up Bitcoin at Lower Prices

Japanese-listed firm Metaplanet Inc. has raised $10 million through dollar-denominated zero-coupon bonds to expand its Bitcoin holdings. The funding, secured from EVO FUND, supports the company’s effort to buy Bitcoin at lower international prices and reduce costly currency conversion fees.

This marks a strategic shift from earlier yen-based bond offerings. By raising capital directly in US dollars, Metaplanet avoids exchange fees typically charged by Japanese banks when converting yen to dollars for Bitcoin purchases.

CEO Simon Gerovich confirmed the move on X, stating the decision was aimed at eliminating unnecessary conversion costs and gaining direct access to cheaper Bitcoin on international markets. The bond is set to mature on October 14, following a structure similar to previous offerings but with improved financial efficiency.

The dollar-based approach allows the company to stretch its investment further and lower the average cost per Bitcoin. It also supports Metaplanet’s broader strategy of increasing long-term shareholder value while pursuing its ambitious Bitcoin goals.

Also Read: Metaplanet Goes All-In: Buys Another $13.3M of Bitcoin

Rapid Bitcoin Accumulation as Prices Dip

Metaplanet continues to aggressively build its Bitcoin reserves. In recent weeks, the company purchased 319 BTC, raising its total to 4,525 BTC. This came after earlier acquisitions of 150 BTC and 156 BTC within the same month.

These purchases were made while Bitcoin traded near $83,000, roughly 25 percent below its all-time high. Metaplanet capitalizes on market price decreases to purchase more bitcoins through cheaper prices as an insurance against future market recovery.

From January to March 2025, Metaplanet reported a Bitcoin yield of 95.6 percent. Metaplanet obtained 6.5 percent yield between April 1st and April 14th as Bitcoin income continued to grow from its strategic investment in Bitcoin.

To reinforce its vision of achieving 10,000 BTC by the end of 2025, the company also updated its logo. The revamped identity demonstrates Metaplanet’s objective to build cryptocurrency holdings “block by block” until reaching 21,000 BTC by 2026.

Metaplanet now ranks 10th globally among public Bitcoin-holding companies, based on data from BitcoinTreasuries. Its stock performance has also shown positive correlation with Bitcoin acquisitions, including a 19 percent jump after a $44 million purchase in March.

Also Read: Metaplanet Expands Bitcoin Holdings With Latest 3.78 Billion Yen Investment

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