Metaplanet BitBonds debuted on August 13 as the Japanese Bitcoin treasury company issued its first bonds under a new continuing program while CEO Simon Gerovich rejected claims that a large Bitcoin transfer represented a sale.
The issuance followed a day of disclosures from Metaplanet, which also reported an interim loss for the first half of 2026 through June 30. The company maintained its common dividend at zero during the period.
Metaplanet BitBonds Raise About 200 Million Yen
Metaplanet Securities sold the first BitBonds through small private placements rather than a public offering. The transaction covered the company’s 21st through 24th series of unsecured ordinary bonds.
The four bond series carry annual coupon rates ranging from 4.0% to 4.3% and are scheduled to mature in roughly three years. The offerings raised about 200 million yen, equivalent to approximately $1.25 million.
The financing follows Metaplanet’s 20th series ordinary bond sale in April 2026, when the company raised $50 million with major backer EVO Fund leading the transaction. The first BitBonds tranche is available to a group including retail and corporate investors.
Under the continuing program, Metaplanet can issue additional BitBonds on different terms. The company had previously outlined plans to direct part of Japan’s $7.1 trillion in idle household cash toward Bitcoin-linked products.
Gerovich Says Bitcoin Transfer Was Routine Custody Move
The bond announcement came one day after onchain trackers flagged 3,881 BTC worth about $247 million moving from wallets associated with Metaplanet. The transfers prompted claims that the company could be preparing to sell part of its Bitcoin reserve.
Gerovich said the company transferred 5,014 BTC and denied that any sale took place.
“This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC,” Gerovich wrote on X.
He also said the transfer, valued at around $322 million, cost $8 in Bitcoin network fees.
Metaplanet conducted a similar custody rearrangement in March involving about 4,986 BTC. That transaction also did not result in a sale.
Metaplanet Holds 43,000 BTC Despite Paper Losses
Metaplanet remains the world’s third-largest corporate Bitcoin holder, according to Bitcoin Treasuries. Its 43,000 BTC sits behind Strategy’s 840,447 BTC and 514 coins below Twenty One Capital’s 43,514 BTC.
Bitcoin traded near $63,800 on August 13, below Metaplanet’s average acquisition price of about $96,191. That difference left the company with roughly $1.4 billion in unrealized losses, while the holdings remained unchanged because no Bitcoin was sold.
Metaplanet shares traded near 223 yen on August 13, gaining about 0.9% for the day while remaining down more than 43% in 2026. The company’s clarification about the Bitcoin transfer produced no visible selloff in the stock.
