SUMMARY
- Tokyo-listed Metaplanet plans to use $11.3M from bond sales to buy more bitcoin.
- The firm currently holds over 1,018 BTC.
Japanese investment firm Metaplanet Inc. has announced the issuance of one-year ordinary bonds valued at 1.75 billion yen ($11.3 million) to purchase more Bitcoin. The board of directors approved the bond issuance, which will carry an annual interest rate of 0.36%, and the funds raised will be directed toward additional bitcoin purchases. The redemption date is set for Nov. 17, 2025, and In a post on X, Metaplanet CEO Simon Gerovich confirmed the company’s continued interest in increasing its bitcoin reserves by hinting, “More bitcoin purchases incoming.”
Since announcing in May that it will embrace Bitcoin as a strategic treasury reserve asset, Metaplanet has shown a strong commitment to Bitcoin investments. The Tokyo-listed business has been steadily increasing its bitcoin holdings over the past few months, establishing itself as a prominent Asian corporate holder. According to the most recent report, Metaplanet presently owns 1,018 BTC, which is worth around $93.5 million at the current market price. This places the company among the biggest Bitcoin owners in the area. By exercising its entitlement to purchase stock, Metaplanet raised 10 billion yen ($66 million) last month, strengthening its financial position and demonstrating its targeted investment approach.
The company’s stock performance has reflected investor confidence in its crypto-focused initiatives. On Monday, Metaplanet shares rose by 0.81%, closing at 1,994 yen, resulting in an impressive 1,146% rise year-to-date, according to data from Google Finance. This uptick in stock price occurred while the Nikkei 225 index saw a decline of 1.09%, showcasing Metaplanet’s strong market positioning amid broader fluctuations.
According to BitcoinTreasuries data, despite Metaplanet’s recent successes, the largest public Bitcoin holder is still MicroStrategy, situated in the United States, with an astounding 279,420 BTC, followed by Marathon Digital, with 27,562 BTC. Metaplanet’s deliberate action to increase its bitcoin holdings demonstrates its desire to join the ranks of well-known bitcoin owners worldwide and take advantage of the long-term potential of the digital asset. This dedication places Metaplanet in a prominent position and demonstrates the increasing institutional interest in cryptocurrencies throughout Asia.