Metaplanet Doubles Down on Bitcoin—Raises $24.7M in Bonds to Stack More Sats

Tokyo-based investment firm Metaplanet just made its biggest Bitcoin bet yet—issuing $24.7 million in bonds to buy the dip. Because nothing says ’prudent fiscal strategy’ like levering up to chase crypto volatility.

Why? The company’s been bleeding from its real estate holdings and sees Bitcoin as a ’strategic reserve asset.’ Translation: they’re YOLO-ing into digital gold while traditional markets wobble.

This follows their April move to adopt Bitcoin treasury policies mirroring MicroStrategy’s playbook. Now they’re raising debt to ape Saylor even harder—because if there’s one thing bondholders love, it’s collateral that can swing 20% before lunch.

Watch out, Michael Saylor: Japan’s got a new macro hedge fund masquerading as a property company.

• Metaplanet issues $24.7M in zero-interest bonds to buy more Bitcoin, aiming to reach 10,000 BTC by year-end.
• Now holding 5,000 BTC worth $484M, the firm ranks among the top 10 public corporate Bitcoin holders.
• New U.S. subsidiary in Miami launching, with plans to raise up to $250M to streamline further Bitcoin acquisitions.

Japanese investment firm Metaplanet has doubled down on its Bitcoin-focused treasury strategy, announcing the issuance of zero-interest ordinary bonds worth 3.6 billion yen (approximately $24.7 million) on Friday. The capital raised will be used exclusively to acquire additional Bitcoin, as the company races toward its goal of holding 10,000 BTC by year-end.

*Metaplanet Issues 3.6 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/e3UIEP7csr

The bonds, issued through Metaplanet’s EVO FUND, will be redeemable at full face value by October 31, 2025. This marks the 12th issuance of ordinary bonds dedicated to Bitcoin purchases, highlighting the company’s commitment to a long-term digital asset strategy.

Since pivoting to a Bitcoin-first treasury model in April 2024, the firm has accumulated 5,000 BTC valued at roughly $484 million, reaching 50% of its target. This rapid accumulation places the Tokyo-based firm among the top ten publicly known corporate Bitcoin holders, alongside names like MicroStrategy and Tesla.

CEO Simon Gerovich took to X (formerly Twitter) to celebrate the company’s Bitcoin-driven momentum, stating, “Our unrealized gains on Bitcoin now exceed 6 billion yen, which is more than four times our market cap before we adopted the Bitcoin standard.” He also noted that Metaplanet’s U.S.-listed OTC stock (MTPLF) saw a surge in trading volume, marking four straight days of record-breaking activity.

ビットコインの未実現利益がついに60億円を突破。これはビットコインスタンダード導入前の時価総額の4倍以上。

Our unrealized gains on Bitcoin now exceed 6 billion yen which is more than 4x our market cap before we adopted the Bitcoin standard. pic.twitter.com/ySkVIChrzI

Metaplanet Stock Surges After Launch of US Bitcoin Subsidiary

The company’s performance on the Tokyo Stock Exchange also reflects growing investor enthusiasm, with shares climbing 10.4% to 435 yen on Friday alone.

In a move to bolster its global ambitions, Metaplanet announced that it will establish a wholly-owned U.S. subsidiary in Miami, Florida, later this month. The new entity, Metaplanet Treasury Corp., will be strategically positioned in a city rapidly emerging as a hub for Bitcoin and blockchain innovation.

The subsidiary aims to improve access to institutional liquidity and streamline the acquisition of Bitcoin through more efficient channels. According to the company, Metaplanet Treasury Corp. plans to raise $250 million to further support the parent company’s Bitcoin accumulation strategy. It will launch with an initial capital base of $10 million.

メタプラネットは、グローバル展開戦略の一環として、米国フロリダ州に100%子会社「Metaplanet Treasury… pic.twitter.com/1VYWPz9Eoe

Metaplanet’s aggressive expansion and innovative use of zero-interest bonds represent a growing trend of traditional firms embracing Bitcoin as a CORE strategic asset. With its sights set on doubling its holdings in the coming months, Metaplanet is cementing its position as a key player in the evolving landscape of institutional Bitcoin adoption.

Related | $MSTR Skyrockets 3000%+ After Embracing Bitcoin Standard, Says Saylor