Japanese investment firm Metaplanet has announced plans to raise an additional $21.25 million through a new bond issuance, furthering its ambitious Bitcoin acquisition plan.
The latest move comes just days after the firm revealed it spent $53.4 million acquiring 555 BTC on May 7, at an average price of $96,134. This purchase brought Metaplanet’s total Bitcoin holdings to 5,555 BTC, making it Asia’s largest public corporate holder of Bitcoin.
The announcement made on May 9 emphasizes Metaplanet’s evolving Bitcoin strategy, stating that all proceeds from the bond issuance will be allocated to the purchase of Bitcoin. The issuance involves $21.25 million in “0% Ordinary Bonds,” which are zero-coupon instruments. These bonds, issued at a discount, do not pay interest but provide returns upon maturity.
Metaplanet’s Bitcoin strategy has drawn comparisons to MicroStrategy, as the firm continues to amass digital assets through aggressive financial instruments. The company’s persistent drive to expand its Bitcoin reserves places it among the top corporate holders globally.
Details of the $21M Bond Issuance
According to Metaplanet’s statement, the board approved the issuance of a 14th Stock Acquisition Rights to EVO Fund, a Cayman Islands-based investment firm, during its May 9 meeting.
The zero-coupon bonds have a redemption date set for November 7. If Metaplanet raises the full $21.25 million, it could purchase an additional 206 BTC at current market prices, which hover around $103,319 per coin, according to CoinGecko. .
This is not Metaplanet’s first major financial maneuver to support its Bitcoin strategy. On May 7, the Tokyo-listed firm disclosed a $25 million issuance of zero-coupon bonds, earmarked entirely for BTC acquisitions. That same day, it completed the $53.4 million purchase of 555 BTC.
To date, Metaplanet has spent $481.5 million acquiring its current 5,555 BTC stash, at an average price of $86,672 per coin. This places Metaplanet 11th globally among public companies holding Bitcoin, as per data from BitcoinTreasuries.NET.
Metaplanet Treasury and U.S. Expansion Plans
As part of its broader Bitcoin strategy, Metaplanet announced on May 1 that it will establish a wholly owned U.S. subsidiary, Metaplanet Treasury, based in Florida. The new entity is expected to help raise up to $250 million, targeting the U.S. capital markets to bolster its crypto holdings.
This move will likely facilitate cross-border expansion and enable the firm to tap deeper into institutional pools of capital interested in crypto-focused treasury strategies.
Rising Trend in Corporate Bitcoin Adoption
Following in the footsteps of Michael Saylor’s MicroStrategy, firms like Strive Asset Management and GameStop have started integrating Bitcoin into their financial structures.
On May 7, Strive Asset Management announced it would transition into a Bitcoin treasury company. Meanwhile, GameStop completed a $1.5 billion convertible debt offering on April 1, with portions of the proceeds earmarked for Bitcoin purchases. These developments suggest that the corporate world is embracing a long-term Bitcoin strategy amid concerns over inflation and fiat devaluation.
Market Reaction and Stock Performance
Investor sentiment toward Metaplanet has remained bullish. The company’s stock (3350T) has surged over 1,600% in the past year and is now trading at 511 Japanese yen ($3.50), according to Google Finance. This rally highlights investor confidence in Metaplanet’s aggressive Bitcoin strategy and its ability to navigate both domestic and international markets.
As more firms explore Bitcoin as a strategic reserve asset, Metaplanet’s model could influence similar financial plays across Asia and beyond. Its commitment to bond-financed acquisitions shows a disciplined approach to building crypto reserves without over-leveraging operations.
Conclusion
Metaplanet’s Bitcoin strategy showcases a forward-thinking approach to digital asset investment through consistent zero-coupon bond issuances and an expanding international presence. By accumulating Bitcoin during both bullish and corrective market cycles, Metaplanet demonstrates a conviction-driven strategy designed for long-term value creation.
As institutional and public interest in Bitcoin continues to grow, Metaplanet’s financial playbook may influence more companies seeking to modernize their treasury models through blockchain-based reserves.
FAQs
What is Metaplanet’s current Bitcoin holding?
Metaplanet holds 5,555 BTC as of May 7, 2025.
How much is Metaplanet raising to buy more Bitcoin?
The firm plans to raise $21.25 million through zero-coupon bonds.
What is Metaplanet Treasury?
Metaplanet Treasury is a U.S.-based subsidiary launched to support its Bitcoin strategy and raise capital in American markets.
Why is Metaplanet issuing zero-coupon bonds?
To finance additional Bitcoin purchases without incurring interest-related expenses.
Is corporate Bitcoin adoption growing?
Yes. Companies like MicroStrategy, Strive Asset Management, and GameStop are integrating Bitcoin into their balance sheets.
Glossary
Bitcoin strategy: A company’s approach to acquiring, managing, and holding Bitcoin as part of its treasury or investment portfolio.
Zero-Coupon Bond: A bond that doesn’t pay periodic interest but is issued at a discount and matures at face value.
Treasury Asset: An asset, like Bitcoin, held by a corporation to preserve or grow capital reserves.
Convertible Debt: A type of bond that can be converted into a predetermined amount of the company’s equity.
Stock Acquisition Rights: A financial instrument granting the right to purchase shares under specified terms.
Sources
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