Metaplanet Doubles Down on Bitcoin Bet with $21M Bond Offering—Because Traditional Finance Was Too Boring

Tokyo-based investment firm Metaplanet just fired another $21 million into its Bitcoin war chest—this time via corporate bonds. Because when your treasury strategy looks like a degen crypto trader’s portfolio, why not leverage up?

The move follows their April pivot to treating BTC as a ’core reserve asset’ (read: dumping yen before it sinks further). Smart hedge against Japan’s monetary chaos—or reckless balance sheet roulette? Either way, Wall Street analysts are now taking shots of sake every time a CFO mentions ’digital gold.’

One thing’s clear: when your bond prospectus reads like a Bitcoiner’s manifesto, the old financial playbook is officially toast.

Bitcoin holdings hit $480 million

This week, Metaplanet acquired an additional 555 BTC for approximately $53.4 million, bringing its total bitcoin holdings to 5,555 BTC.

The company’s cumulative investment now totals $481.5 million, with an average purchase price of $86,672 per Bitcoin. These holdings make Metaplanet the largest public Bitcoin holder in Asia and the 9th largest globally, surpassing multiple US firms in scale.

The company’s stock has rallied over 2,200% since it adopted the Bitcoin standard last year, primarily driven by investor Optimism over its digital asset strategy. It aims to accumulate 10,000 Bitcoin by the end of this year.

Metaplanet also announced plans to establish a US-based subsidiary, Metaplanet Treasury, in Florida to expand its capital access. The entity is expected to raise up to $250 million to support further Bitcoin acquisitions and global expansion.

Despite the scale of the new bond issuance, Metaplanet stated the MOVE is expected to have minimal impact on its consolidated financial results for the fiscal year ending December. The company committed to providing updates should any material developments occur.

Metaplanet’s aggressive Bitcoin strategy reflects a broader trend among corporates adopting digital assets as part of their treasury reserves, a shift that continues to reshape capital management practices around the world.