Metaplanet has raised its planned Bitcoin purchases after the Tokyo-listed bitcoin treasury firm repaid ¥8 billion in bonds issued to EVO FUND ahead of schedule using cash on hand. In a company disclosure dated November 2, the firm said the ¥8 billion originally earmarked for debt repayment will now be redirected into Bitcoin, lifting planned purchases from ¥25.422 billion to ¥33.422 billion — a development of interest to those tracking corporate treasury demand.

Series 20 Bonds Settled Ahead of Schedule

Metaplanet completed the early repayment of its 20th Series of ordinary bonds on November 2. The firm issued the ¥8 billion bonds to EVO FUND on April 24, 2026, with repayment originally due on April 23, 2027, which places the settlement roughly six months ahead of the scheduled maturity.

Under its agreement with EVO FUND, Metaplanet paid the full principal before maturity using cash on hand. The company did not draw on proceeds from its 27th Series of Stock Acquisition Rights, which had previously been assigned to cover the bond repayment. The bonds carried no interest, so the early redemption settled the principal alone — and with the debt service line removed, the full ¥37.135 billion of planned proceeds from that series can stay pointed at the company's bitcoin programs rather than repayment obligations.

Metaplanet said the early redemption is expected to have minimal impact on its group results for the fiscal year ending December 31, 2026. The company added that the revised use of proceeds will not change its financial results.

Bitcoin Allocation Rises to ¥33.422 Billion

The early payoff prompted Metaplanet to revise the planned use of funds from its 27th Series of Stock Acquisition Rights. In an April 24 notice, the firm had allocated ¥8 billion of those proceeds to repay the Series 20 bonds, while reserving ¥25.422 billion for Bitcoin purchases.

With the bonds now settled in cash, the repayment line is no longer needed, and Metaplanet has moved the full ¥8 billion into its Bitcoin purchase budget, an increase of about 31% over the prior allocation.

Under the revised schedule, the company plans to allocate ¥33.422 billion to Bitcoin purchases between April 2026 and April 2028. A further ¥3.714 billion remains set aside for its Bitcoin income generation business over the same period, keeping total planned proceeds unchanged at ¥37.135 billion.

The revision applies only to the planned use of stock acquisition rights proceeds and does not mean Metaplanet has already spent the additional ¥8 billion on Bitcoin. Actual purchases remain dependent on cash raised when the rights are exercised, so the pace of exercises over the April 2026 to April 2028 window will determine whether the enlarged budget is drawn down in full. For corporate bitcoin treasury watchers, the move shows a listed firm freeing stock acquisition rights proceeds for BTC accumulation rather than debt service.