Metaplanet Doubles Down on Bitcoin Bet with $25M Bond Offering—Wall Street Traders Still Stuck on Meme Stocks
Tokyo-based investment firm Metaplanet is going all-in on Bitcoin—again. The self-proclaimed ’HODLer’ just announced a $25 million bond issuance exclusively to scoop up more BTC, even as it expands operations into the US market.
Why the aggressive move? While traditional finance scrambles to justify inflated equity valuations, Metaplanet’s playbook is simple: print debt, buy hard assets. The bonds will be denominated in yen, but converted straight into Bitcoin—sidestepping the currency debasement game entirely.
This isn’t their first rodeo. The firm made waves last year by converting a chunk of its treasury reserves into Bitcoin, betting big on crypto’s long-term store-of-value thesis. Now they’re leveraging Japan’s ultra-low interest rates to double down.
Meanwhile in America: hedge funds still can’t decide whether Bitcoin is a ’risk asset’ or inflation hedge. Metaplanet clearly stopped waiting for consensus.
Metaplanet—a Japanese investment firm focused on accumulating Bitcoin—has issued zero-interest bonds to fund its future purchases of the world’s largest and oldest cryptocurrency. Notably, the company already holds 5,000 BTC, halfway to its target of 10,000 BTC.
This comes after Metaplanet registered a U.S. arm in Miami, Florida, to accelerate its Bitcoin accumulation strategy.
Metaplanet Issues More Debt To Buy Bitcoin
According to a Friday announcement, Metaplanet has issued 3.6 billion yen (around $24.8 million) worth of zero-interest ordinary bonds to continue its Bitcoin buying spree.
The newly issued bonds were sold entirely to EVO FUND, allowing investors to redeem them at full face value by Oct. 31, 2025. This issuance represents the 12th round of ordinary bonds issued for funding the company’s BTC accumulation strategy.
Since Metaplanet began acquiring Bitcoin in April 2024, the Tokyo-listed company has amassed an impressive 5,000 BTC, fueled by a $745 million (¥116 billion) capital raise dubbed ‘Asia’s largest-ever,’ structured around zero-discount moving strike warrants. This stash makes Metaplanet one of the top ten corporate Bitcoin holders globally.
Metaplanet Plans To Reach 21,000 BTC
The latest zero-coupon bond issuance is part of Metaplanet’s plans to accumulate 21,000 BTC by 2026, aligning with its mission to push adoption across Japan.
Often dubbed “Asia’s MicroStrategy,” Metaplanet is positioning itself in the mold of Michael Saylor’s Strategy, which currently holds 553,555 BTC, making it the largest corporate holder of the top crypto. Both firms have now rebranded themselves as Bitcoin treasuries that give traditional investors exposure to Bitcoin via their publicly traded shares.
Meanwhile, in March, Metaplanet appointed Eric Trump, son of the U.S. president, to its newly formed Strategic Advisory Board, citing his “business expertise and passion for Bitcoin.”
More recently, the company announced that its board of directors had resolved to operate a new wholly-owned US subsidiary as Metaplanet Treasury Corp to expand its access to U.S. institutional investors and support 24-hour operations across time zones. The new firm will launch with initial capital of $10 million and seeks to raise up to $250 million to grow its Bitcoin reserve strategy.
