Japanese investment firm Metaplanet has issued zero-yield bonds amounting to 2 billion yen ($13.4 million), continuing its aggressive Bitcoin accumulation strategy.
Metaplanet Issues Bonds
According to a shareholder statement published today, the publicly traded firm will use the funds to purchase more BTC, with Evo Fund serving as the sole bondholder. The non-interest bearing bonds will be fully repaid by September 17, 2025.
Stable Bitcoin Accumulation
Metaplanet has been taking advantage of recent market corrections by conducting regular bond issuances to increase its BTC reserves. Last week, the company purchased 162 BTC for $13.5 million at an average price of $83,123 per BTC. Metaplanet now holds 3,200 BTC worth approximately $265 million, making it the 10th largest publicly traded Bitcoin holder, according to Bitcointreasuries.net.
Confidence in Bitcoin as an Asset
The move shows Metaplanet’s continued confidence in Bitcoin as a treasury asset, mirroring strategies implemented by firms like Strategy in the United States.
Metaplanet’s actions highlight the growing interest of major companies in Bitcoin as a strategically important asset for long-term investments.
