2-5-2025 – Tokyo-based Metaplanet (3350), a prominent hotel operator, has raised 3.6 billion yen (approximately $24.8 million) through a bond issuance to bolster its bitcoin (BTC) portfolio, which now exceeds 5,000 BTC. The company’s strategic pivot toward digital assets marks a significant chapter in its financial evolution.
The bonds, fully acquired by EVO FUND, carry no interest and are set to mature at par value on 31 October 2025, with the option for earlier redemption at the bondholder’s discretion. Metaplanet has designated the proceeds exclusively for purchasing additional BTC, aligning with its earlier announcement this year regarding a series of stock acquisition rights.
To facilitate the bond’s repayment, Metaplanet plans to leverage funds generated from these stock acquisition rights, a strategy that hinges on investor enthusiasm for its equity-linked offerings. Should the capital raised surpass specific benchmarks, the company retains the flexibility to settle portions of the bond ahead of schedule. Meanwhile, Metaplanet’s shares surged 8.6% in the latest trading session, closing at 428 yen, reflecting growing market confidence in its cryptocurrency-focused trajectory.
