Metaplanet expands BTC reserves with new zero-interest bond issuance
Metaplanet expands BTC reserves
Metaplanet, Asia’s largest corporate holder of bitcoin, has issued ¥2 billion ($13.3 million) in zero-interest bonds to fund additional purchases of the cryptocurrency.
The Tokyo-listed company made the announcement following a board meeting, emphasizing its long-term commitment to digital assets despite short-term market turbulence, according to The Block.
The bonds will be distributed via Metaplanet’s EVO FUND, offering full-face value redemption by September 30, 2025. The firm’s CEO, Simon Gerovich, took to X to declare the company was “buying the dip,” as bitcoin traded under $81,800 after a modest decline of 2%.
Growing reserves amid market headwinds
This latest bond issuance brings Metaplanet’s estimated bitcoin holdings to 3,200 BTC, valued at over $260 million. The company now ranks 10th among global corporate holders of bitcoin, according to BitcoinTreasuries, trailing industry leaders like Michael Saylor’s Strategy.
However, investors reacted cautiously. Metaplanet’s stock fell more than 9% after the announcement, in tandem with a broader 4% decline in Japan’s Nikkei 225 index. The sell-off followed rising concerns over upcoming U.S. tariffs expected to be unveiled by President Donald Trump on April 2.
“This is a positive story for BTC where Metaplanet sees the long-term value in owning bitcoin,” said Paul Howard, Senior Director at crypto market maker Wincent. Still, analysts like CoinPanel CEO Aran Hawker warned that macroeconomic uncertainties and risk-off sentiment could weigh on bitcoin in the short term.
Metaplanet recently strengthened its leadership by appointing Eric Trump, son of the U.S. President, to its advisory board—another move underscoring its intention to align with pro-crypto, pro-growth agendas amid geopolitical volatility.
Asia’s Metaplanet hit an all-time high of ¥6,650, rising 13% in a day. The stock is up 36% this week and 81% this month, earning praise from Michael Saylor for its Bitcoin strategy.
