US growth Metaplanet releases $25 million in bonds to purchase more bitcoin.

In order to buy additional bitcoin, the Japanese investment firm Metaplanet announced on Friday that it has issued regular bonds with 0% interest worth 3.6 billion Japanese yen ($24.7 million).

Investors will be able to redeem bonds at full face value by October 31, 2025, as the issuance will be distributed through Metaplanet’s EVO FUND. The company’s bitcoin accumulation plan is being supported by the issuance of the 12th round of ordinary bonds.

Metaplanet has acquired 5,000 BTC ($484 million) since it began actively purchasing bitcoin in April 2024. This is to half of the company’s target of holding 10,000 BTC by the end of the year. Together with Elon Musk’s Tesla and Michael Saylor’s Strategy, the Tokyo-based business is presently one of the top ten corporate bitcoin holders.

Simon Gerovich, the CEO of Metaplanet, said on X that the company’s stock, MTPLF, which is listed on the U.S. OTC Market, had a significant spike in trading activity, with yesterday’s volume surpassing records for the fourth day in a row.

“Our unrealized gains on Bitcoin now exceed 6 billion yen which is more than 4x our market cap before we adopted the Bitcoin standard,” explained Gerovich in another Friday X post.

The board of directors of Metaplanet, meantime, decided yesterday to create a fully-owned U.S. subsidiary in Miami, Florida, later this month. According to the report, Florida is becoming a center for businesses that focus on bitcoin.

The company anticipates that the intended subsidiary, Metaplanet Treasury Corp., will improve the parent company’s access to institutional liquidity pools and more effective ways for acquiring bitcoin.

Starting with $10 million at launch, the new company also intends to fund up to $250 million to strengthen its bitcoin treasury strategy.

As trading continues on Friday, Metaplanet’s stock on the Tokyo exchange has risen 10.4% to 435 Japanese yen.

 

 

 

 

 

 

 

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