Metaplanet Launches BitBonds Program With $1.3 Million Debut Bond Sale

Japanese Bitcoin treasury company Metaplanet has introduced a new continuous bond issuance program called BitBonds, completing its first sale through four privately placed series worth approximately 200 million yen, or about 1.3 million dollars.

Bond Details and Structure

The Tokyo listed firm said the unsecured senior bonds mature in roughly three years and carry annual interest rates ranging from 4 percent to 4.3 percent. Solicitation for the offering began in late July and has since closed. Metaplanet plans for BitBonds to serve as an additional funding channel alongside common stock, equity-linked securities and preferred shares, with future issuances depending on funding needs and investor demand.

Fixed Returns With Notable Risks

Unlike Metaplanet’s shares, which typically move with the value of its bitcoin holdings, the bonds offer fixed interest and principal repayment tied to the company’s overall creditworthiness. However, the bonds remain unsecured, unrated and not principal-protected, meaning investors are still exposed to risks linked to Metaplanet’s bitcoin-heavy balance sheet. The securities also carry transfer restrictions, and liquidity before maturity is not guaranteed.

Distribution and Broader Strategy

The initial bonds were sold through Metaplanet Securities to individuals and companies under Japan’s private placement rules, reflecting the company’s expanding push into yen-denominated credit markets. The announcement follows recent comments from CEO Simon Gerovich, who denied rumors of a Bitcoin sale after a 5,014 BTC transfer, confirming the company’s holdings remain steady at 43,000 BTC.