- Metaplanet raised $10 million in zero-interest USD bonds to buy more Bitcoin.
- The company now holds 4,525 BTC and aims for 10,000 BTC by end of 2025.
- Bitcoin trading at $83,000, 25% below peak; Metaplanet sees it as buying opportunity.
Metaplanet Inc. has announced the issuance of its 11th Series of Ordinary Bonds, raising $10 million to fund additional Bitcoin purchases. The bonds were offered to EVO FUND and carry zero interest. This funding move is part of the company’s previously announced strategy dated January 28, 2025.
The bonds will mature on October 14, 2025. Metaplanet plans to redeem them using proceeds from its 14th to 17th Series of Stock Acquisition Rights. Unlike previous bond issuances that were based in Japanese yen, this one is structured in US dollars.
According to CEO Simon Gerovich, raising funds in USD helps the company avoid the high conversion fees charged by Japanese banks. These fees typically apply when converting yen to dollars to buy Bitcoin. By securing dollars directly, Metaplanet reduces costs and gains access to better Bitcoin prices in international markets.
This approach also allows for a lower average acquisition cost. In turn, the company can increase its Bitcoin holdings more efficiently and improve value for shareholders.
Metaplanet’s New Logo Reflects Bitcoin Vision
Metaplanet has updated its logo to signal a stronger focus on Bitcoin. The new design symbolizes a gradual, block-by-block approach to growth. The company has set a goal of reaching 10,000 BTC by the end of 2025.
On April 14, the company expanded its Bitcoin holdings with the addition of 319 BTC. This latest acquisition followed two earlier purchases of 150 BTC and 156 BTC. As of mid-April, its total reserves stand at 4,525 BTC. The long-term target is to acquire 21,000 BTC by 2026.
These purchases have taken place while Bitcoin is trading around $83,000. This is about 25% lower than its record high of over $109,000. The company appears to be using the price decline as an opportunity to accumulate more Bitcoin at lower prices.
Analyst Indicates Bitcoin is Still Undervalued
CryptoQuant analyst BorisVest has shared data that supports Metaplanet’s investment strategy. He noted that Bitcoin reserves on exchanges have fallen to 2.43 million BTC — the lowest since 2018, down from 3.4 million during the 2021 bull run. A lower amount of Bitcoin on exchanges suggests that more investors are holding rather than selling. This decreases supply and can support future price increases.
The analyst also highlighted that the current Bitcoin SSR is 14.3.. A lower SSR means there is significant liquidity available to buy Bitcoin, even if prices fall. Since SSR has not returned to its 2021 level, the market still appears to be in an early growth phase.
Funding rates have also returned to normal. They now range between 0.00% and 0.01%. This change follows a previous spike during Bitcoin’s all-time high, which indicated excessive speculation. The return to neutral funding rates suggests a healthier market environment.
Metaplanet’s decision to expand its Bitcoin holdings aligns with current market signals. The drop in exchange reserves, stable SSR, and neutral funding rates all support a positive outlook for Bitcoin.
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