Japanese Bitcoin treasury firm Metaplanet has issued 2 billion Japanese yen ($13.35 million) in zero-interest bonds to further expand its Bitcoin (BTC) reserves. The latest move, announced on Feb. 27, marks the company’s seventh bond issuance dedicated to Bitcoin accumulation since it began aggressively purchasing the asset in May 2024.
Expanding Bitcoin Reserves with Zero-Interest Bonds
Metaplanet will issue 40 ordinary bonds, each with a face value of 50 million yen. These bonds will mature on Aug. 26, 2025, with proceeds directed to Evo Fund, the firm’s dedicated Bitcoin acquisition vehicle.
Since May 13, 2024, Metaplanet has conducted 17 Bitcoin purchases, with its largest acquisition occurring on Dec. 20, 2024, when it secured 619.7 BTC. As of now, the company holds 2,235 BTC, valued at approximately $192.4 million.
A Bitcoin-Backed Strategy
Metaplanet’s transition into a Bitcoin treasury strategy has drawn parallels to MicroStrategy, the U.S. software firm known for pioneering corporate Bitcoin adoption. Although Metaplanet was founded in 1999, its stock price struggled for years on the Tokyo Stock Exchange. However, since embracing Bitcoin, its stock has surged from 200 yen to 6,650 yen in early 2025, marking a staggering 3,225% increase in less than a year.
Despite this explosive growth, Metaplanet’s shares have since corrected and now trade around 4,000 yen. Nonetheless, the company remains committed to Bitcoin accumulation, with ambitious plans to acquire 10,000 BTC by Q4 2025 and increase its holdings to 21,000 BTC by the end of 2026—valued at approximately $2 billion at current prices.
A Growing Trend in Institutional Bitcoin Adoption
Metaplanet’s aggressive Bitcoin strategy aligns with a broader trend of institutional adoption. Similar to El Salvador, which continues to accumulate BTC as a national reserve asset, Metaplanet is positioning itself as a major corporate player in the digital asset space.
Also Read: Metaplanet Expands Bitcoin Holdings to 2,100 BTC, Aims for 10x Growth by 2026
As Bitcoin’s mainstream adoption accelerates, Metaplanet’s strategy could set a precedent for other firms in Japan and beyond. With its continued BTC acquisitions, the firm is solidifying its position as a leading corporate investor in the world’s largest cryptocurrency.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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