In a regulatory filing on 27 February 2025, the Japanese firm Metaplanet announced an issuance of 2 billion yen (approximately $13.6 million) in zero-interest bonds to bolster its Bitcoin holdings. This marks the company’s seventh bond issuance aimed at acquiring additional bitcoins in a bid to include cryptocurrencies in the company’s financial strategy. Since May 2024, the company has made 17 separate Bitcoin acquisitions.
The company has allocated the funds generated through their latest issuance to Evo Fund, which is Metaplanet’s dedicated fund towards Bitcoin issuance. Each bond has a face value of 50 million yen and will mature on 26 August 2025.
Importantly, the funds will carry a 0% interest rate, allowing Metaplanet to optimize its capital structure without incurring additional interest and liabilities.
Their most significant acquisition was on 20 December 2024 when the company purchased 619.7 BTC. With the latest bond-funded acquisition, Metaplanet’s total Bitcoin reserves have reached a total of 2235 BTC, valued at $192.4 million at current market prices.
Metaplanet aims to acquire a total of 10,000 Bitcoins by the fourth quarter of 2025 and further expand its holdings to 21,000 BTC by the end of 2026.
The shift towards a crypto-forward investment portfolio by Metaplanet mirrors a broader trend in the market as more companies integrate digital assets into their financial strategies. This move has revitalized Metaplanet’s market presence and positioned them as a prominent player in corporate crypto investments.
Since initiating their aggressive acquisition strategy, Metaplanet’s stock surged from 200 yen to a peak of 6650 yen in early 2025, representing an impressive increase of 3225% within a year. Their share price has stabilized around 4000 yen, indicating investor confidence in their strategic decisions.
By current market estimates, their proposed BTC holding by the end of 2026 would equate to an investment of approximately $2 billion.
While investing in crypto can act as a hedge against traditional market volatility, it also comes with risks due to Bitcoin’s price fluctuations. Nonetheless, Metaplanet continues its ambitious plan to increase its Bitcoin reserves and solidify its position in the evolving crypto landscape.