Tokyo-based public company Metaplanet has just added a new instrument to its capital structure. The company, trading under the ticker symbol 3350, launched a sustainable bond program named BitBonds. In its initial sale, Metaplanet issued four series of bonds through a private placement scheme with a total value of approximately 200 million yen or equivalent to $1.3 million.
This debt offering was distributed in small portions to individual and corporate investors. The distribution was handled directly by their subsidiary, Metaplanet Securities, in compliance with private placement regulations in Japan. The raising of commitments from investors had been underway since late July and was officially closed on August 13, 2026.
BitBonds are offered with a three-year tenor and an annual interest rate ranging from 4% to 4.3%. This debt instrument was launched without a credit rating, is unsecured by collateral, and does not guarantee the return of principal investment. Its position is now on par with common stock, equity securities, and preferred shares as one of the company’s primary funding channels.
A Different Fate for Shareholders
Metaplanet has been known in Japan as a Bitcoin treasury company due to its massive direct exposure to cryptocurrency price fluctuations. Its stock price moves in line with Bitcoin market sentiment. However, BitBonds holders will not be exposed to this volatility. Bond interest payments are based solely on Metaplanet’s creditworthiness, not on Bitcoin price movements.
Management also ensured that this new debt issuance does not shift their core strategy of holding digital assets. Metaplanet CEO Simon Gerovich dismissed speculation suggesting that the company is preparing to sell its Bitcoin reserves. The rumor spread after a transfer of 5,014 BTC from the company’s wallet was recorded. Gerovich clarified that the movement was merely a routine custodial transfer.
Crypto Reserves Untouched
Metaplanet’s Bitcoin balance is confirmed to remain intact at 43,000 coins. They did not sell a single coin to fund operations or seek additional liquidity. This assurance from management has maintained market interest on the Tokyo stock exchange.
Responding to the news of the bond issuance and Bitcoin ownership status, Metaplanet shares closed up 0.9% to 223 yen or $1.40 in Thursday’s trading. This reaction indicates that equity investors accepted the company’s move to add an unsecured debt line.
Metaplanet’s move through this bond issuance shows how crypto entities manage capital. By raising money from private creditors, they prove that a company with a Bitcoin-based balance sheet can still secure cash without having to sell their coins on exchanges.
Reported from CoinDesk.
Read also: What Is Bitcoin Halving?
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
