Metaplanet’s Bitcoin Bonanza: $21M Bonds and a Dash of Sarcasm!

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unlike traditional debt instruments, these beauties yield no interest. That’s right, folks! Metaplanet can borrow without the pesky burden of repayment costs. It’s like getting a loan and being told, “Don’t worry about paying it back!” What a deal! 😏

Under the terms, Evo Fund can redeem these bonds early, provided they give at least five business days’ notice. They can redeem in full or in part, in multiples of $525,000. Because who doesn’t love a little math with their investments? 📈

And let’s not forget, there’s no collateral or guarantee attached to these bonds. No bond administrator has been appointed either, as allowed under Japanese corporate law. Metaplanet has designated its Tokyo office for payment handling. I can just imagine the office staff, sipping green tea while managing millions. 🍵

Metaplanet raised $135.2 million this year

Metaplanet has been on a roll, consistently tapping the debt market to fund its Bitcoin (BTC) purchases. They raised $25.9 million in February, $13.3 million in March, and another $25 million earlier in May. It’s like they’re collecting Bitcoin the way some people collect stamps—only a lot more valuable and a lot less sticky! 📬

The company’s ambitious goal? To hold 10,000 BTC by the end of 2025. With this week’s back-to-back fundraising, they’ve raised a staggering total of $135.2 million this year. That’s a lot of Bitcoin! 💸

Currently, Metaplanet holds about 7,800 BTC, placing it at number 11 among the largest corporate Bitcoin holders. With holdings valued at around $840 million, their average purchase price is $91,340 per Bitcoin. I mean, who knew investing could be so lucrative? Or so complicated? 🤔

In March, the firm added 696 BTC through a combination of exercised cash-secured put options and premiums earned from selling those contracts. They followed this up with another purchase of 145 BTC for $13.6 million just before the end of April. It’s like they’re playing Monopoly, but with real money! 🎲

Metaplanet announces US subsidiary

On May 1, Metaplanet announced plans to launch a wholly owned US subsidiary, Metaplanet Treasury, based in sunny Florida. They plan to raise up to $250 million to further their Bitcoin strategy and tap into US capital markets. Because why not? 🌞

And they’ve attracted some notable figures too! Eric Trump, son of former US President Donald Trump, joined the company’s Strategic Advisory Board in March. Because nothing says “serious investment” like a Trump on your board! 😅

Notably, the corporate Bitcoin accumulation strategy is gaining momentum. On May 28, GameStop, the US video game and consumer electronics retailer, confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin. It’s a wild world out there, folks! Buckle up! 🎢

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2025-05-29 10:43