Japanese investment firm Metaplanet has announced the issuance of $21.25 million in zero-coupon bonds to purchase additional Bitcoin (BTC). According to a company statement released May 9, the proceeds from the bonds—placed with EVO Fund—will be exclusively used to expand Metaplanet's growing crypto treasury. This move follows Metaplanet's recent $53.4 million acquisition of 555 BTC, bringing their total holdings to 5,555 BTC, with an average acquisition price of $86,672 per coin.
The latest bond issuance reinforces Metaplanet's strategy to emulate companies like MicroStrategy in aggressive BTC accumulation. The company now aims to reach a target of 10,000 BTC by 2025, having also taken steps to establish a US-based subsidiary, Metaplanet Treasury, to raise a further $250 million for expanding its crypto reserves.
Market reaction has been positive—Metaplanet’s stock price surged over 1,600% within the past year, including a 41% jump following the latest announcement, and Asian crypto markets are showing increased institutional confidence in Bitcoin as an asset class. This development may set a precedent for other companies in Asia, strengthening Bitcoin’s profile as a strategic corporate reserve asset and further fostering institutional adoption in the region.
