Metaplanet plans Bitcoin buy for another $50 million
Metaplanet to raise $50M via zero-interest bonds to buy more Bitcoin
Japanese investment firm Metaplanet announced on May 28 that it will raise $50 million through a private placement of zero-interest bonds to further expand its Bitcoin holdings.
Each bond is valued at $1.25 million, carries no interest, and offers potential returns only through future redemption, reports Cointelegraph.
Evo Fund, based in the Cayman Islands, is the sole investor in this round and has previously funded multiple BTC acquisitions by Metaplanet. The bonds are unsecured and lack collateral, highlighting the trust between the parties and shared confidence in Bitcoin’s long-term performance. This approach reflects a growing appetite among firms for alternative, crypto-focused treasury strategies.
Limited Financial Impact Expected in 2025
Metaplanet noted that the new bond issuance is not expected to significantly impact its financial results for 2025. However, the company said it would provide further disclosures as developments unfold. Its continued Bitcoin accumulation strategy marks a deliberate shift away from fiat-based reserves.
Earlier this year, Metaplanet purchased 1,004 BTC worth over $100 million, pushing its total holdings to 7,800 BTC, currently valued at over $800 million. These aggressive moves align Metaplanet with other corporate Bitcoin heavyweights seeking to hedge against inflation and currency risk.
Stock Valuation Raises Investor Concerns
While Metaplanet’s crypto strategy has driven strong investor interest, analysts have raised concerns about its valuation. Research from 10x Research on May 27 revealed that the firm’s stock is trading as if its Bitcoin reserves are worth five times their actual value.
This has led to questions about whether investors are overpaying for BTC exposure through Metaplanet shares. Still, the company’s growing BTC treasury and strategic backing from Evo Fund suggest that confidence remains high in Bitcoin’s future upside.
Recently we wrote that Japanese investment firm Metaplanet has surpassed El Salvador in bitcoin holdings, acquiring an additional 1,241 BTC for approximately $126.7 million at an average price of $102,119 per Bitcoin.
