Metaplanet Surpasses Tesla with 13,350 BTC, Secures New Bond Deal

Metaplanet surpassed its full-year BTC acquisition goal by mid-year with 13,350 BTC now in its corporate treasury.

Evo Fund backed a $21 million unsecured bond, replacing Metaplanet’s earlier secured debt from its Series 3 bond issuance.

Short sellers face mounting losses as Metaplanet’s stock climbs amid continued BTC accumulation and public bullish signals.

Metaplanet has acquired an additional 1,005 Bitcoin, lifting its total treasury to 13,350 BTC. The latest purchase marks the fourth transaction for June, allowing the Japanese firm to exceed its yearly target of 10,000 BTC by mid-year.

This latest acquisition places Metaplanet in seventh among corporate BTC holders, overtaking Tesla, whose crypto treasury has remained unchanged. The transaction occurred at a rate of $107,923 per BTC, pushing Metaplanet’s average cost per coin to $96,121.

Stock Climbs as Short Sellers Face Mounting Pressure

Following the announcement, Metaplanet’s stock (MTPLF) climbed 9.87 percent, closing at 1,640 JPY or $11.39. Although the price has eased from recent highs above $13, the company continues to pressure short sellers.

Short positions by entities such as Citigroup Global, initiated in the $3 to $4 range, have come under strain due to sustained price growth. Founder Simon Gerovich reinforced the company’s BTC strategy with a public statement signaling continued purchases.

New Bond Issuance Replaces Earlier Secured Debt

To support its ongoing acquisition strategy, Metaplanet launched Series 19 of its bond program. The new $21 million bond will mature on December 29, 2025, and was fully subscribed by Evo Fund.

The fresh issuance enables the company to retire its earlier Series 3 guaranteed bonds. These earlier obligations carried collateral and interest requirements, while the new bonds are unsecured and non-interest-bearing.

Evo Fund continues to serve as Metaplanet’s primary financier. The fund previously subscribed to the Series 3 bonds worth $12.1 million and has now agreed to refinance with the new bond series.

Evo Fund has also supported Metaplanet through several rounds of stock acquisition rights. The ongoing program, which covers up to 555 million shares, could provide Metaplanet with access to $5.5 billion for further BTC purchases.

BTC Market Reacts to Ongoing Corporate Demand

Bitcoin prices responded to the announcement, briefly climbing to $108,268. Corporate interest remains a major driver, with Metaplanet’s acquisition aligning closely with the schedule of Strategy, another major BTC-holding firm.

As a result of the steady buying pace, projections suggest Metaplanet may hold over 63,000 BTC by year-end if acquisitions continue at the same pace.

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