Metaplanet Strengthens Bitcoin Strategy with $21.25 Million Bond Issue
Metaplanet, a Japanese investment firm, is doubling down on its Bitcoin strategy with another major move—raising $21.25 million through a bond issue. This fresh round of funding will boost the company’s growing crypto portfolio, which has expanded rapidly following its latest purchase of Bitcoin on May 7.
Earlier this month, Metaplanet made headlines by spending $53.4 million to buy 555 BTC at an average price of $96,134. That transaction brought the company’s total holdings to 5,555 BTC, acquired for a combined $481.5 million. With these numbers, Metaplanet now holds the title of Asia’s largest public corporate Bitcoin holder and ranks 11th globally, according to BitcoinTreasuries.net.
A Focused Strategy on Bitcoin
To fund these ongoing purchases, Metaplanet is turning again to bond markets. The company will issue a new round of “0% Ordinary Bonds”—a type of zero-coupon bond. These bonds don’t offer interest, but they’re sold at a discount and redeemed at full value upon maturity. It’s a strategy that allows the company to access capital quickly without the long-term cost of interest payments. All proceeds will go directly toward buying more Bitcoin.
At current prices, the $21.25 million raised could purchase approximately 206 BTC. And this isn’t the first recent bond issuance—the company also announced another $25 million in bond sales earlier in May, aimed at continuing its aggressive Bitcoin acquisition.
The board of directors approved the issuance of these bonds on May 9 and granted 14th Stock Acquisition Rights to EVO Fund, an investment management firm based in the Cayman Islands. The redemption date is set for Nov. 7.
Global Expansion and a Big Bitcoin Bet
Looking beyond Japan, Metaplanet is planning a significant expansion into the US market. On May 1, the company announced it will launch a wholly owned American subsidiary, Metaplanet Treasury, based in Florida. The goal: to raise an additional $250 million and further tap into the US capital markets to grow its Bitcoin position.
This move mirrors the approach taken by MicroStrategy—Michael Saylor’s firm that pioneered large-scale corporate Bitcoin purchases. Other companies are now following suit. Strive Asset Management recently revealed plans to become a Bitcoin treasury firm. Meanwhile, GameStop raised $1.5 billion through a convertible debt offering, with part of the funds earmarked for Bitcoin investments.
Metaplanet’s bold and consistent Bitcoin purchases show a growing conviction in the digital asset’s long-term value. With its stock up over 1,600% in the past year, investors appear to be backing that conviction.