Metaplanet ramps up Bitcoin strategy with $25.9M bond issuance
Metaplanet ramps up Bitcoin strategy
Tokyo-based Metaplanet Inc. has raised $25.9 million (¥4 billion) through the issuance of zero-interest, unsecured bonds, reinforcing its aggressive Bitcoin acquisition strategy.
The firm plans to increase its Bitcoin holdings to 21,000 BTC by 2026, positioning itself as Asia’s leading corporate Bitcoin investor, according to Decrypt.
The funds were secured from EVO FUND, the bondholder, and will be directed exclusively toward Bitcoin purchases. This move aligns with Metaplanet’s broader financial strategy of using Bitcoin as a hedge against Japan’s economic challenges, including high national debt and a weakening yen.
A strategic pivot toward Bitcoin
Metaplanet, often compared to U.S.-based MicroStrategy for its Bitcoin-focused approach, made a decisive shift in April 2024 by adopting Bitcoin as its primary reserve asset. As of January 2025, the company holds 1,761.98 BTC, valued at approximately $186 million (¥27.9 billion), with plans to grow its reserves to 10,000 BTC by the end of the year.
The latest bond issuance is part of a broader strategy to reallocate resources, with the company slightly adjusting its planned Bitcoin purchases from $723 million (¥111.3 billion) to $717 million (¥107.3 billion) through early 2027.
In addition to its Bitcoin accumulation, Metaplanet has reported significant financial gains, including a 309.82% Bitcoin yield in Q4 2024 and a staggering 7,000% increase in market capitalization since pivoting to a Bitcoin-centric strategy.
Further solidifying its market presence, Metaplanet will join the MSCI Japan Index on February 28, 2025, opening doors to institutional investment and broadening its global financial footprint.
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.
