TLDR:
- Metaplanet is raising $21.25 million through zero-coupon bonds specifically to purchase more Bitcoin
- The company recently acquired 555 Bitcoin for $53.4 million, bringing its total holdings to 5,555 BTC
- Metaplanet plans to open a US subsidiary and raise $250 million to further its Bitcoin strategy
- The Japanese firm’s stock has surged 1,600% in the past year and 41% in the past week
- Metaplanet aims to reach 10,000 BTC by 2026, positioning itself as Asia’s largest public corporate holder of Bitcoin
Metaplanet, a Japanese investment firm, is raising $21.25 million through zero-coupon bonds to purchase more Bitcoin, according to a May 9 statement from the company. This move comes shortly after the firm spent $53.4 million to acquire 555 Bitcoin at an average price of $96,134 on May 7.
*Metaplanet Issues 21.25 Million USD in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/tofk3rKMO8
— Metaplanet Inc. (@Metaplanet_JP) May 9, 2025
The Tokyo-listed company now holds 5,555 Bitcoin, purchased for a total of $481.5 million at an average price of $86,672. With its current holdings, Metaplanet has become Asia’s largest public corporate holder of Bitcoin and ranks 11th globally according to BitcoinTreasuries.NET.
The latest bond issue is part of a series of financial moves by Metaplanet to build its Bitcoin treasury. The “0% Ordinary Bonds” will not offer any interest to holders. Such zero-coupon bonds are typically issued at a discount from their normal value, with holders receiving the full value at maturity.
At current Bitcoin prices of around $102,979, the $21.25 million raised could allow Metaplanet to buy approximately 206 more Bitcoin. The firm first announced plans to buy Bitcoin in April last year and has been steadily increasing its holdings since then.
Global Expansion and Market Impact
Metaplanet’s Bitcoin strategy appears to be paying off for investors. The company’s stock has skyrocketed over 1,600% in the last year and is trading at 511 Japanese yen ($3.50), according to Google Finance data. In just the past week, the stock has gained 41%.
On May 1, Metaplanet announced plans to launch a wholly owned US subsidiary called Metaplanet Treasury. Based in Florida, this new entity aims to raise $250 million to further the company’s Bitcoin strategy and access US capital markets.
The firm has also opened a new office in Miami, showing increased interest in North American markets and working to strengthen its presence among institutional crypto investors.
Metaplanet has set an ambitious target to hold 10,000 Bitcoin by 2026, nearly doubling its current holdings over the next year.
The company is often referred to as the “MicroStrategy of Japan,” drawing parallels to the Bitcoin accumulation strategy pioneered by Michael Saylor’s US-based company. Like MicroStrategy, Metaplanet is using debt financing to fund its Bitcoin purchases.
This trend of corporate Bitcoin adoption is growing. Strive Asset Management recently announced its transition into a Bitcoin treasury company, while video game retailer GameStop Corporation raised $1.5 billion through a convertible debt offering in April, with some proceeds designated for Bitcoin purchases.
The broader Bitcoin market is also showing strength, with the cryptocurrency approaching the $100,000 mark. According to data from Santiment, Bitcoin ETFs have seen $5.13 billion in net inflows over the past three weeks, with BlackRock’s iShares Bitcoin Trust (IBIT) experiencing 16 consecutive days of inflows.
As Metaplanet continues its Bitcoin buying spree, the firm has emerged as a major player in the corporate Bitcoin holding space, helping to push the concept of Bitcoin as a treasury asset into the mainstream.
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