Metaplanet Issues $11.7M Bond to Expand Bitcoin Portfolio, Launches Shareholder Benefits Program
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Metaplanet has announced a ¥1.75 billion (approximately $11.7 million) ordinary bond issuance to bolster its Bitcoin acquisition strategy. The company revealed the move on November 18, highlighting its ongoing commitment to integrating cryptocurrency into its broader investment portfolio.
These third series of ordinary bonds are exclusively allocated to EVO FUND and carry an annual interest rate of 0.36%. The bonds are fully guaranteed by the firm’s CEO and president, Simon Gerovich.
The issuance is secured by a first-priority mortgage on the Hotel Royal Oak Gotanda, a property owned by Metaplanet’s subsidiary, Wen Tokyo Inc. The bonds will mature on November 17, 2025.
The company also assured stakeholders that the financial impact of the bond issuance on its fiscal year results would be minimal, with updates to follow if any significant changes occur.
Metaplanet has also introduced a new Shareholder Benefits Program, designed to offer exclusive perks for its shareholders. The program, which reflects the company’s commitment to increasing shareholder engagement and enhancing its Bitcoin ecosystem, will provide unique offers and experiences for eligible shareholders.
Shareholders who hold at least 100 shares as of December 31, 2024, will be eligible to participate. Benefits include a Bitcoin lottery with prizes totalling 30 million yen, 21% discounts on Bitcoin Conference tickets and the Bitcoin Magazine Store, a 15% discount on accommodation at Hotel Royal Oak Gotanda, and a JPY 3,000 bonus for new accounts opened with Webull Securities.
The program will officially begin for eligible shareholders in early February 2025, with notifications sent to confirm shareholder numbers. Metaplanet aims to expand these benefits over time and grow its Bitcoin-focused community.
Meanwhile, Metaplanet has joined leading companies such as Coinbase and MicroStrategy on the CoinShares Blockchain Global Equity Index. The index tracks 45 publicly traded companies at the forefront of blockchain and cryptocurrency innovation. Gerovich expressed pride in Metaplanet’s inclusion, stating that it marked the company’s debut on a globally recognized equity index.
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