Japanese Bitcoin treasury firm Metaplanet issued bonds worth 2 billion yen to increase its Bitcoin reserves, marking another step in a series of purchases started in May 2024.
Issuance of New Bonds
On February 27, Metaplanet announced a fresh purchase of Bitcoin using 2 billion yen worth of zero-interest ordinary bonds. This marked the seventh instance of bond issuance by the company for acquiring cryptocurrency. The firm plans to issue 40 bonds, each valued at 50 million yen, redeemable in full on August 26, 2025. The proceeds from these bonds will be allocated to the company's dedicated Bitcoin treasury fund, known as the Evo Fund.
Metaplanet's Long-Term Goals
Since May 2024, Metaplanet has made 17 Bitcoin purchases, accumulating a total of 2,235 BTC. The most significant purchase was on December 20, 2024, when the company acquired 619.7 BTC. Metaplanet aims to expand its holdings to 10,000 BTC by the end of 2025 and further increase its total reserves to 21,000 BTC by the end of 2026, estimated to be valued at $2 billion at the current market rate.
Impact on Company Stocks
Founded in 1999, Metaplanet saw a dramatic rise in its stock prices on the Tokyo Stock Exchange following its Bitcoin investments. From May 2024 to early 2025, the company's stock surged 3,225%, from 200 yen to 6,650 yen. However, the shares later declined to around 4,000 yen. Despite the drop, the company remains committed to its strategy of increasing Bitcoin reserves.
Metaplanet's proactive Bitcoin acquisition strategy and their influence on the company's stock performance illustrate the company's strong interest in cryptocurrencies as a means to enhance capital strength.
