Japanese investment powerhouse Metaplanet is making waves once again by raising $21.25 million through a novel financial maneuver—a zero-coupon bond issue. The funds will be funneled directly into purchasing more Bitcoin, as the firm fortifies its position as a major player in the cryptocurrency arena. This move fits seamlessly into Metaplanet’s strategic blueprint, which seems laser-focused on amassing a formidable Bitcoin treasury.
A Bold Financial Strategy
Metaplanet is issuing “0% Ordinary Bonds”—a tactic that might raise eyebrows but certainly not interest rates. Zero-coupon bonds typically don’t offer interest; instead, they’re sold at a discount and mature at face value. It’s a strategy that seems to be paying off for Metaplanet, as the firm continues to bolster its crypto reserves. According to CoinGecko, if Metaplanet secures the entire $21.25 million, it could potentially acquire around 206 Bitcoin at current market prices. Not a small feat by any measure. This follows a similar move earlier this year, as detailed in Metaplanet Issues $25M Bonds to Buy More Bitcoin.
But here’s where it gets interesting: this isn’t just a spur-of-the-moment decision. The company’s board of directors convened on May 9 to strategize this latest financial foray, and the bonds are set to be redeemed on November 7, 2025. The issuance also includes a 14th Stock Acquisition Rights to EVO Fund, an investment management firm based in the Cayman Islands. It’s a calculated risk, but Metaplanet has shown it’s not afraid to play the long game.
Expanding Horizons
Metaplanet’s ambitions don’t stop at Japan’s shores. On May 1, the firm announced plans to launch a wholly-owned U.S. subsidiary—Metaplanet Treasury—based in Florida. With a goal to raise a staggering $250 million, this new venture underscores the company’s aggressive strategy to capitalize on U.S. capital markets and further its Bitcoin-centric agenda. For more on this strategic expansion, see Metaplanet Registers U.S. Treasury Arm to Grow Its Bitcoin Reserve Strategy.
The timing couldn’t be more pivotal. Metaplanet recently disclosed its purchase of 555 Bitcoin for $53.4 million, averaging a price of $96,134 per Bitcoin. These moves have positioned Metaplanet as Asia’s largest public corporate holder of Bitcoin, holding a robust 5,555 BTC valued at $481.5 million. Such figures highlight the firm’s commitment to Bitcoin, even as its stock (3350T) has skyrocketed by over 1,600% in the past year, trading at 511 Japanese yen ($3.50) according to Google Finance.
A Broader Trend
Metaplanet isn’t alone in its crypto crusade. The trend of companies converting cash reserves to Bitcoin is gathering steam, spearheaded by the likes of Michael Saylor’s firm, Strategy (formerly MicroStrategy). Strive Asset Management also revealed plans to transition into a Bitcoin treasury company, while GameStop Corporation (GME) recently concluded a $1.5 billion convertible debt offering with a portion earmarked for Bitcoin purchases.
These developments hint at a larger movement within the corporate world, where Bitcoin’s potential as a hedge against traditional market volatility is increasingly attractive. As more companies follow suit, questions linger about the sustainability of this trend. Will Bitcoin continue to be a safe harbor in turbulent economic waters?
Looking Ahead
Metaplanet’s bold financial maneuvers signal a confident stride into the future, one where Bitcoin is not just a speculative asset but a strategic investment. As the firm continues to cement its foothold in the crypto economy, it raises intriguing questions about the evolving role of Bitcoin in corporate finance. Will other firms replicate this model, and how will it reshape the landscape of corporate treasury management?
For now, Metaplanet’s strategy seems clear: accumulate Bitcoin, anticipate market shifts, and capitalize on the digital gold rush. Whether this approach will stand the test of time remains to be seen, but one thing’s for sure—Metaplanet is not just riding the crypto wave; it’s helping to shape it.
Source
This article is based on: Metaplanet is raising another $21M through bonds to buy more Bitcoin
Further Reading
Deepen your understanding with these related articles:
- Metaplanet to open US arm, plans to raise $250M for Bitcoin strategy
- Strategy Raising Another $21B to Buy Bitcoin, Posts Large Q1 Loss on BTC Price Decline
- Strategy’s $84B Bitcoin Expansion Plan Backed by Wall Street Analysts
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
