Metaplanet’s Bold Bitcoin Bet: $13.3M Bond Issue Fuels BTC Acquisition

Japanese firm Metaplanet, known for its aggressive Bitcoin accumulation strategy, has issued 2 billion Japanese yen ($13.3 million) in zero-interest bonds to further bolster its BTC holdings. This strategic move, detailed in a March 31 filing (link to filing), sees the funds channeled through Metaplanet’s Evo Fund specifically for Bitcoin purchases. Investors can redeem these bonds at face value by September 30th, 2024.

CEO Simon Gerovich, in an X post (link to X post), highlighted the company’s opportunistic approach, capitalizing on the recent Bitcoin price dip. At the time of the announcement, Bitcoin traded around $28,000, representing a substantial decrease from its all-time high.

Metaplanet’s Growing Bitcoin Empire:

Already ranked as Asia’s leading corporate Bitcoin holder and among the top 10 globally (data from BitcoinTreasuries: link to BitcoinTreasuries), Metaplanet currently owns approximately 3,200 Bitcoin, valued at roughly $1.23 billion. This latest bond issuance further solidifies its commitment to Bitcoin as a core asset.

Following MicroStrategy’s Lead:

Often dubbed \”Asia’s MicroStrategy,\” Metaplanet mirrors the US firm’s strategy of aggressively accumulating Bitcoin. With over 150,000 BTC held by MicroStrategy, representing a significant portion of the total Bitcoin supply, Metaplanet’s ambition to reach 21,000 BTC by 2026 is no small undertaking.

Recent acquisitions, including a 150 BTC purchase earlier this month (link to article) and a previous $44 million investment in Bitcoin (link to article), underscore Metaplanet’s commitment and confidence in Bitcoin’s long-term potential.

Strategic Partnerships and Future Plans:

Metaplanet is not only making significant moves in the Bitcoin market, but also expanding its influence. The recent appointment of Eric Trump to its strategic board (link to article) further positions the company for global growth. Furthermore, Metaplanet’s exploration of a US listing (link to article) suggests ambitious plans for international expansion and accessibility.