Metaplanet has announced a ¥2 billion bond issuance to purchase additional Bitcoin. This move highlights the company's enhanced strategy in expanding its cryptocurrency assets.
Metaplanet's Bond Issuance
Metaplanet issued zero-interest bonds worth ¥2 billion ($13.3 million) to enhance its Bitcoin investments. The bonds were approved on March 12 and will mature on September 11, 2025. The raised funds will be used to buy Bitcoin, with repayment expected from exercising the 14th to 17th Series Stock Acquisition Rights.
Company Strategy and Investments
Metaplanet has been gradually increasing its Bitcoin holdings since adopting a Bitcoin-focused strategy in 2023. The company benefits from Japan’s low borrowing costs, allowing it to effectively build its Bitcoin reserves and aim for a leading position among corporate BTC holders in Asia.
Growth in Bitcoin Holdings
As of March 5, Metaplanet holds 2,888 BTC, recently surpassing Boyaa Interactive International as Asia’s largest corporate Bitcoin holder. The company aims to reach 21,000 BTC by 2026 and 10,000 BTC by the end of 2025. The average buying price is ¥12.62 million ($84,000) per Bitcoin.
Metaplanet's expansion into Bitcoin reflects a growing trend of companies using innovative financial instruments to increase their exposure to digital assets.
