Metaplanet Doubles Down on Bitcoin—Raises $15M in Bonds to Fuel Crypto Shopping Spree
Tokyo-based investment firm Metaplanet just made its boldest bet yet on Bitcoin—issuing $15 million in corporate bonds explicitly earmarked for crypto acquisitions. This follows their recent pivot to treating BTC as a core reserve asset, mirroring MicroStrategy’s playbook.
Wall Street shrugs: ’Because nothing says financial prudence like levering up to buy volatile assets,’ quipped one bond trader. Meanwhile, Bitcoin maximalists cheer the move as institutional validation.
The bond issuance comes as Bitcoin consolidates near all-time highs—proving companies will chase momentum at any cost. Metaplanet’s stock? Up 12% on the news. Because in 2025, the only business model that matters is ’buy Bitcoin, issue press release.’
Metaplanet’s $15 Million Bet on Bitcoin
According to the official disclosure, the bonds carry a 0% interest rate and are set to mature on November 12. They are valued at $375,000. Metaplanet’s latest bond issuance aims to push its holdings closer to its target of 10,000 Bitcoins by the end of 2025.
If the firm raises the full $15 million, it could acquire approximately 147 BTC at current prices. This move follows its acquisition of 1,241 Bitcoin yesterday, valued at $126.7 million, bringing its total holdings to 6,796 BTC.
This strategy aligns with a broader trend in 2025: a shift in bitcoin ownership from individual investors to institutions and governments. According to data from River, businesses are now the leading buyers of Bitcoin, even outpacing governments and exchange-traded funds (ETFs).
“Businesses are the largest net buyer of bitcoin so far this year, lead by Strategy which makes up 77% of the growth,” the post read.
Strategy — previously known as MicroStrategy — continues to spearhead this trend. The company disclosed on May 12 that it had acquired 13,390 BTC for $1.34 billion. The coins were purchased at an average price of $99,856 per coin.
This addition increased Strategy’s total Bitcoin holdings to 568,840 BTC, acquired at an average cost of $69,287 per coin.
Still, not everyone views this plan as sustainable. Economist and Bitcoin critic Peter Schiff took to X to caution against the potential fallout.
“You next buy will likely push your average cost above $70,000,” Schiff wrote.
He stressed that if Bitcoin’s price falls again, it could dip below Strategy’s average purchase price for their coins. Since Strategy borrowed money to fund these acquisitions, a price drop could be problematic.
If forced to sell their holdings to repay debt, the losses WOULD become “real” instead of just theoretical. This magnifies the risk of leveraging Bitcoin, especially when the market is volatile.
This warning comes amid BTC’s latest dip. On May 12, the price pumped to highs last seen on January 31 after the US and China agreed on a 90-day tariff deal.
Nevertheless, after peaking at $105,705, Bitcoin tumbled. It quickly shed 3.7% of its gains to trade at $101,725 at press time. Despite this, analysts remain optimistic that the current rally still has room to grow and could propel BTC to all-time highs.
