Japanese Bitcoin treasury firm Metaplanet has issued $13.4 million in zero-interest bonds to further expand its Bitcoin holdings. The company has been aggressively acquiring Bitcoin since May 2024, marking its latest move in a strategy that mirrors MicroStrategy’s Bitcoin investment approach. This is the seventh time Metaplanet has issued bonds for Bitcoin purchases, underscoring its commitment to building a substantial BTC reserve.
The newly issued bonds, worth 2 billion yen, will be redeemed in full by August 2025, with proceeds allocated to the Evo Fund, Metaplanet’s dedicated Bitcoin acquisition fund. Since beginning its Bitcoin strategy, the company has made 17 purchases, including a significant acquisition of 619.7 BTC in December 2024. In total, Metaplanet now holds 2,235 BTC, valued at approximately $192.4 million.
Metaplanet’s stock price has experienced a dramatic surge since shifting to Bitcoin, rising from 200 yen to 6,650 yen in early 2025—an increase of over 3,000%. Despite recent fluctuations, the company’s market strategy has continued to attract investor interest. The firm’s plans include acquiring 10,000 BTC by the end of 2025 and ultimately reaching 21,000 BTC by 2026, potentially worth $2 billion at current prices.
With its continued Bitcoin accumulation, Metaplanet is positioning itself as a major institutional player in the cryptocurrency space. As global companies explore Bitcoin treasury strategies, the firm’s bold moves highlight increasing corporate confidence in BTC as a long-term asset. The approach also reflects Japan’s evolving regulatory landscape for digital assets.
