Metaplanet issues another $21 million in bonds, adding to its Bitcoin investment strategy

Japanese listed company Metaplanet is continuing to deepen its strategic transformation to Bitcoin. According to the latest disclosure, the company has issued Series 14 ordinary bonds and successfully raised $21.25 million, all of which will be used to further increase its holdings of Bitcoin (BTC) to consolidate its position as Asia's leading crypto asset holder.Zero-coupon bond structure, clear private fundraising goalsThe bonds were approved at the board meeting on May 9, 2024 and fully subscribed by EVO FUND. Each bond has a par value of US$625,000 and adopts a zero-coupon structure, that is, no interest is paid, and is scheduled to be redeemed in full on November 7, 2025. Bondholders can request early redemption with one business day's notice, and Metaplanet can also trigger partial redemption after receiving relevant funds from Series 15 and 16 shares.Metaplanet confirmed in regulatory documents that all funds raised will be used to purchase Bitcoin, an action consistent with the company's multi-series financing and stock repurchase strategy submitted at the beginning of the year. The bond issuance is unsecured and unguaranteed debt, and is exempt from the appointment of a bond manager in accordance with the provisions of Japan's "Company Law", and enjoys legal exemption clauses.Bitcoin holdings exceed $480 million, ranking among the top ten in the worldThis week alone, Metaplanet acquired 555 bitcoins for $53.4 million, bringing its total holdings to 5,555 BTC. The company's current bitcoin asset market value is approximately $481.5 million, with an average purchase price of $86,672 per coin.This strategic layout has made Metaplanet the largest public bitcoin holder in Asia and ranked ninth in the global ranking, surpassing many well-known American companies. Since announcing the adoption of the Bitcoin standard, Metaplanet's stock price has soared by more than 2,200%, becoming one of the most popular crypto concept stocks in the market.Accelerate global deployment and plan to establish a subsidiary in the United StatesIn order to further expand its international market and enhance its financing capabilities, Metaplanet announced that it will establish a subsidiary called Metaplanet Treasury in Florida, USA. The entity is expected to raise up to $250 million to accelerate bitcoin purchases and the company's global expansion strategy.Despite the size of the bond issuance, the company stressed that it had a "limited" impact on the consolidated financial statements for the fiscal year ending December. Metaplanet promised to disclose any major changes in the future to the market in a timely manner.Corporate encryption strategies have become a trend, and Metaplanet is at the forefrontMetaplanet's move once again confirms an accelerating trend: Bitcoin is gradually changing from a "risk asset" to a means of corporate-level capital reserves. This capital structure adjustment not only enhances the company's ability to fight inflation and currency depreciation, but also promotes corporate re-evaluation of digital assets worldwide.As regulation becomes clearer and market sentiment warms up, Metaplanet's strategy may inspire more companies to follow suit, injecting new impetus into the mainstreaming of Bitcoin.