Metaplanet Doubles Down on Bitcoin: $210M Bond Sale to Evo Fund Signals Full Crypto Commitment

Metaplanet just made its biggest bet yet—issuing $210 million in fresh bonds to Evo Fund with a single-minded focus: Bitcoin. No hedges, no diversifications—just pure crypto conviction.

The move screams confidence (or desperation, depending who you ask) as traditional finance scrambles to keep up with the digital gold rush. CEO’s ‘all-in’ declaration cuts through the usual corporate waffle—no room for ‘strategic diversification’ here.

Wall Street’s reaction? Probably drafting another ‘bitcoin is a bubble’ report while secretly recalculating their own crypto exposure. Meanwhile, Metaplanet’s balance sheet just became a lightning rod for both crypto zealots and skeptical fund managers.

One thing’s clear: in the high-stakes poker game of institutional crypto adoption, Metaplanet just went all-in with a $210 million chip stack. Call it bold or reckless—but never call it cautious.

The Bitcoin Accumulation Race: Caution Beats Hype

The Tokyo-listed Metaplanet, inspired by Michael Saylor-led Strategy’s bitcoin path, has now become Japan’s most shorted stock by hedge funds. As reported earlier, Metaplanet’s stock surged more than 4,800% over the past year, after its pivot to Bitcoin investment strategy.

Metaplanet is now Japan’s most shorted stock, says CEO as Bitcoin bulls warn of a global short squeeze. “Really bad timing to be short,” says Blockstream’s Adam Back. #Bitcoin #Metaplanethttps://t.co/aWGJO2iQGi

Seamus Rocca, CEO at Xapo Bank, shared his perspective on the rising corporate Bitcoin allocations recently.

In an email to Cryptonews, he said that the increase in corporate treasury allocations to Bitcoin is “significant.” However, “it shouldn’t be about chasing trends or building oversized positions,” Rocca added.

“It’s about allocating what a business can afford to hold over a five-to-ten-year horizon, without being forced to sell into volatility.”

Further, he said that firms like Strategy and Metaplanet “represent high-conviction outliers,” with bold strategies that align with their unique business plans.

“In this space, patience and discipline can be underrated virtues,” he told Cryptonews. “Our view has been, and remains, that Bitcoin deserves serious consideration—but with a disciplined, long-term framework: focus on the asset itself, avoid speculative trading, and size positions responsibly.”

Company Adapts Strategy Amid Yen Depreciation

Metaplanet’s recent announcement to issue $210 million in 0% ordinary bonds comes at a time when Japan is facing economic challenges, characterized by high debt levels and yen depreciation. As a result, the strategy underscores Metaplanet’s commitment to leveraging Bitcoin’s potential for long-term appreciation.

The Japanese Yen kicked off the week on a weaker note. However, the anticipation that the Bank of Japan might push for tighter monetary conditions, along with trade-related uncertainties, lends some support to the safe-haven Japanese Yen.