In 2025, Metaplanet, led by Simon Gerovich, issued $210 million in bonds to acquire Bitcoin, resulting in a total of 10,000 BTC holdings.
Metaplanet's Bond Sale for Bitcoin Purchase
On June 16, 2025, Metaplanet issued $210 million in zero-interest bonds to purchase Bitcoin. This initiative positions the company as a notable Bitcoin player in Asia, with all funds allocated towards acquiring Bitcoin. This strategy aligns with Michael Saylor's approach. Simon Gerovich, CEO of Metaplanet, emphasized the company's commitment by stating, '2 billion and 100 million dollars. Zero interest. All Bitcoin.'
Investor Sentiment and Stock Price Surge
The acquisition has resulted in a staggering 4,800% increase in Metaplanet's stock price this year, highlighting significant investor confidence. However, the company remains the most shorted stock in Tokyo, indicating skepticism about the sustainability of its Bitcoin exposure. This move has meaningful implications for Bitcoin's market valuation, as further acquisitions could strengthen its position as a reserve asset among Asian corporations.
Strategy Mirroring MicroStrategy
Metaplanet's strategy mirrors the multi-year Bitcoin acquisition initiative of MicroStrategy, which paved the way for institutional use of Bitcoin. This trend indicates a shift towards Bitcoin as a corporate reserve asset. If Metaplanet's strategy continues, it could support the Bitcoin market, although sustainability concerns persist.
Overall, Metaplanet's adoption of strategies similar to market leaders like MicroStrategy demonstrates growing institutional interest in Bitcoin, despite the associated risks.
