In a strategic move to bolster its Bitcoin reserves, Metaplanet has issued ¥2 billion (approximately $13.3 million) through zero-interest bonds. This initiative aims to enhance its Bitcoin holdings significantly and was announced on March 12, 2025. With a maturity date set for September 11, 2025, the proceeds will primarily be utilized for the acquisition of additional Bitcoin (BTC).
According to the company’s announcement, the bond issuance reflects Metaplanet’s ambitious strategy to expand its cryptocurrency footprint amidst a growing institutional embrace of Bitcoin. The funds collected from this issuance will be repaid through the exercise of stock acquisition rights pertaining to its 14th to 17th series, enabling a financial maneuver that demonstrates Metaplanet’s innovative capital-raising approach.
Notably, early redemption options are available, allowing Metaplanet to repay bondholders at face value if sufficient funds are secured. This flexibility not only provides financial security but also attracts investors looking for minimal risk. However, it’s essential to note that the issuance does not include collateral or guarantees, which may impact investor sentiment.
Since adopting a Bitcoin-centric strategy in 2023, Metaplanet has gradually increased its holdings. The latest data suggests that, as of early March 2025, Metaplanet holds 2,888 BTC, positioning it as the largest corporate Bitcoin holder in Asia and the 12th largest globally. The company’s total investment in Bitcoin has now surpassed ¥36.44 billion (approximately $242 million), with an average buying price recorded at ¥12.62 million ($84,000) per BTC.
The company has set ambitious targets, aiming for a total of 21,000 BTC by 2026 and 10,000 BTC by the close of this year. This demonstrates a strategic long-term vision, especially as data showcases a remarkable 45.1% yield in BTC per fully diluted share from January to March 2025, following a drastic growth of 309.8% in the fourth quarter of 2024.
As Bitcoin continues to capture institutional interest and global supply restrictions tighten, Metaplanet’s aggressive acquisition strategy positions it favorably in the crypto landscape. The firm’s operations echo trends observed in other prominent firms, notably MicroStrategy, which have utilized debt financing for BTC accumulation, illustrating a shift in corporate financial strategies in the face of evolving digital asset markets.
