Metaplanet’s Bitcoin Bet Grows: 1,005 BTC Added to 13,350 Treasury Hoard

Another day, another corporate treasury diving headfirst into Bitcoin—this time with Tokyo-listed Metaplanet flexing its crypto muscles.

The firm just scooped up 1,005 BTC, pushing its total stash to 13,350 coins. That’s roughly $800 million at current prices—or as Wall Street would call it, 'a rounding error' next to their quarterly bonuses.

Why the accumulation spree? Metaplanet’s clearly hedging against fiat debasement—or maybe just tired of watching traditional investments crawl while Bitcoin does its usual moon mission.

Either way, they’re now sitting on a nine-figure crypto war chest. Let’s see if they HODL through the next dip or panic-sell like a noob chasing memecoins.

Metaplanet buys back previous bond issues

While financing additional BTC purchases, Metaplanet also aims to control its debt and improve its balance sheet. Along with the latest BTC addition, Metaplanet issued Series 19 of its ordinary bonds, aiming to cancel an earlier Series 3 guaranteed bonds. 

The latest bond series is for $21M, with a redemption date on December 29, 2025. The bond series is fully subscribed by one single buyer, Evo Fund. 

Evo Fund is a tier-4 venture capital firm, which specifically deals with portfolio management and has already supported Metaplanet on four occasions. The fund has only operated in Japan, but has an unannounced jurisdiction.

Metaplanet previously raised 1.7B JPY ($12.1M) through the Series 3 bonds for earlier BTC acquisitions. After a board meeting and discussions with the Bondholder Evo Fund, the company has agreed to refinance the previous bond series. The former obligation was interest-bearing and secured by collateral, while the New Bonds are non-interest bearing and unsecured. 

Evo Fund has also financed Metaplanet through several rounds of stock acquisition rights. The fund has a 555M share program, potentially giving Metaplanet up to $5.5B for more BTC acquisitions. 

By the end of the year, Metaplanet may become the second-biggest BTC holder, with predictions for a treasury at above 63,000 BTC. The stock price may continue to rise, depending on the various bullish scenarios for BTC. For now, Evo Fund is yet to exercise stock purchasing options, greatly expanding the purchasing power of Metaplanet.

Following the latest announcement, BTC staged an early-week rally, re-sparking hopes for another all-time peak. BTC ROSE to $108,268, with additional news of corporate purchases expected later today.

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