Tokyo-based Metaplanet strengthens its commitment to Bitcoin by issuing zero-interest bonds worth 2 billion yen. All proceeds are aimed at boosting Bitcoin reserves.
Strengthening Bitcoin Strategy
Metaplanet is evolving into a Bitcoin-focused company, having accumulated 3,350 BTC since it began purchases in April 2024, at an average cost of approximately $83,000 per Bitcoin. Despite market volatility, the firm aims to hold 10,000 BTC by the end of 2025.
Eric Trump Joins Advisory Board
Eric Trump has joined Metaplanet's newly formed Strategic Advisory Board, enhancing the company's influence in the crypto space. His experience and network are expected to accelerate Bitcoin adoption across key markets.
Market Reaction
Despite its ambitious plans, Metaplanet’s stock fell more than 9%. Market volatility has led to uncertainty about the short-term financial gains from the aggressive Bitcoin acquisition strategy.
Metaplanet is committed to its strategy of increasing Bitcoin reserves despite market challenges and stock downturns. The company remains focused on decentralized assets as a hedge against economic fluctuations.
