Metaplanet Raises ¥2 Billion to Boost Bitcoin Holdings
Metaplanet has issued a zero-interest bond worth ¥2 billion ($13.3 million) to increase its Bitcoin reserves. The bond, approved on March 12, will mature by September 11, 2025. The funds will be used to buy more Bitcoin (BTC). repayment will come from the exercise of its 14th to 17th Series of Stock Acquisition Rights.
The bond allows for early redemption. Metaplanet can repay it at face value if it secures funds from stock acquisition rights. Bondholders can also request early redemption with notice. No collateral or guarantees are needed.
Metaplanet has been growing its Bitcoin holdings as 2023. Its strategy is similar to Strategy (formerly MicroStrategy). The company is using Japan’s low borrowing costs to build its Bitcoin reserves. As of March 5, Metaplanet holds 2,888 BTC, surpassing Boyaa Interactive International as the largest corporate Bitcoin holder in Asia. It is currently the 12th largest corporate Bitcoin holder globally.
Metaplanet aims to hold 21,000 BTC by 2026 and 10,000 BTC by the end of 2025. The company has invested ¥36.44 billion ($242 million) in Bitcoin, with an average buying price of ¥12.62 million ($84,000) per BTC. From January 1 to March 5, 2025, its BTC Yield hit 45.1%, after growing by 309.8% in Q4 2024. This approach mirrors a rising trend of businesses using cutting-edge financial instruments to expand their exposure to digital assets.
