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Metaplanet Continues Bond Issuance for Bitcoin Buys

BY Coindesk | CORPORATE | 03/18/25 03:49 AM EDT By Sam Reynolds

Japan's Metaplanet (MTPLF) has issued more zero-interest bonds, using some of the proceeds to buy 150 BTC worth around $12.5 million.

In a notice to shareholders, the Tokyo-based company said it issued 2 billion yen ($13.4 million) of the bonds to buy the bitcoin, with Evo fund once again acting as the sole bondholder. The bonds will be redeemed in full on Sept. 17.

These bond issuances are a regular occurrence for the listed company as Metaplanet (MTPLF) continues to build its bitcoin reserves, taking advantage of cheaper pricing brought by BTC's recent price correction. The largest cryptocurrency is trading around $83,300, about 24% below the record high reached in January.

Last week, the company said it bought 162 BTC for $13.5 million at an average price of $83,123 per bitcoin.

Metaplanet (MTPLF) now holds 3,200 BTC, worth $265 million, which makes it the 10th-largest BTC-holding public entity, according to bitcointreasuries.net.

UPDATE (March 18, 09:15 UTC): Updates first paragraph to reflect the company's latest BTC buy.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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