Metaplanet Inc. Wraps Up ¥2 Billion Bond Redemption, Eyes Massive Bitcoin Haul

Hang onto your hats, crypto fans! Metaplanet Inc. just pulled off a slick move, fully redeeming and repaying its 9th Series of Ordinary Bonds. We're talking a cool ¥2 billion, or about $13.5 million, settled and done on April 7.

These bonds were supposed to chill until September 2025, but Metaplanet wasn't playing that game. They issued them to EVO FUND back on March 18, no interest attached. And guess what? They already knocked out ¥1.5 billion of it on March 27, thanks to some savvy stock acquisition rights moves.

Now, if you're scratching your head wondering who Metaplanet is, let me drop some knowledge. This Japanese powerhouse, once known as Red Planet Japan, has transformed into a full-blown Bitcoin treasury firm. They're all about stacking sats and are proudly listed on the Tokyo Stock Exchange.

The final ¥500 million? Paid off on April 4, closing the book on this bond saga. And where did the cash come from? You guessed it—EVO FUND, flexing during the exercise of Metaplanet's 13th to 17th series of stock acquisition rights.

Since these bonds were interest-free, Metaplanet's not sweating the financial impact on their 2025 results. It's all smooth sailing from here.

Metaplanet’s Bitcoin Buying Spree

But wait, there's more! On April 2, Metaplanet went on a Bitcoin shopping spree, snagging 160 more BTC at an average price of $80,063 each. That's a whopping $13.39 million added to their stash, bringing their total to a staggering 4,206 BTC. And they're not stopping there!

Metaplanet's got their eyes on the prize: a jaw-dropping 21,000 BTC by 2026. They're aiming to hit over 10,000 BTC by the end of 2025, setting their sights on becoming Asia's biggest corporate Bitcoin hoarder. Buckle up, folks—this is just the beginning!