Metaplanet, widely regarded as Japan’s answer to MicroStrategy, has announced its 13th Series of Ordinary Bonds, aiming to raise $25 million for further Bitcoin acquisitions. The move comes as part of the company’s ongoing strategy to expand its Bitcoin holdings through its EVO FUND, mirroring the playbook of Bitcoin evangelist Michael Saylor. The bond issuance announcement triggered a rapid 12% surge in Metaplanet’s stock price, bringing it closer to 500 JPY during today’s trading session.
Metaplanet CEO Reveals $53.4 Million Bitcoin Purchase
Simon Gerovich, CEO of Metaplanet, disclosed the acquisition of 555 BTC worth approximately $53.4 million, purchased at an average price of $96,134 per coin. This purchase pushes Metaplanet’s total Bitcoin holdings to 5,555 BTC, acquired at a cumulative cost of $481.5 million, averaging $86,672 per Bitcoin. Since the start of 2025, the firm has aggressively accumulated Bitcoin, setting a target of 10,000 BTC in treasury reserves by the end of 2026.
The recent acquisition is financed through proceeds generated from the exercise of the 15th to 17th Series of Stock Acquisition Rights. Furthermore, Metaplanet’s strategic expansion includes the launch of a new office in Miami, signaling its intent to establish a stronger foothold in the U.S. market.
Also Read: Santiment: Large Bitcoin Holders Bet on $100K While Retail Investors Panic Sell
Bitcoin Approaches $100K as Institutional Inflows Surge
Meanwhile, Bitcoin continues to eye a critical breakout level of $100,000 as institutional inflows remain robust. Data from Santiment indicates a spike in Bitcoin ETF inflows, totaling $5.13 million over the past three weeks. The BlackRock Bitcoin ETF (IBIT) has led the charge with 16 consecutive days of inflows, reinforcing strong institutional demand.
Nate Geraci, president of ETF Store, commented on the impressive surge in inflows, emphasizing how IBIT alone has outpaced previous spot Bitcoin ETF expectations. As Metaplanet ramps up its Bitcoin purchases, investors are closely watching for a decisive breakout above $100,000, which could pave the way for new all-time highs in the coming months.
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