Metaplanet Issues $50M Bonds to Expand Bitcoin Holdings

Japanese venture capital firm Metaplanet has unveiled plans to secure $50 million by issuing zero-interest bonds. The proceeds will bolster Metaplanet’s Bitcoin reserves.

*Metaplanet Issues 50 Million USD in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/Fz3J7i22XJ

— Metaplanet Inc. (@Metaplanet_JP) May 28, 2025

In a recent statement, the company completed this funding round by issuing its 16th series of ordinary bonds to EVO Fund, a firm specializing in debt and financing solutions. This marks another step in Metaplanet’s push to deepen its exposure to Bitcoin as part of a broader financial strategy.

Metaplanet Targets 21,000 BTC

Metaplanet acquired 1,004 BTC on May 19 at approximately $104.3 million, bringing its total Bitcoin holdings to 7,800 BTC. This puts the company ahead of El Salvador’s publicly disclosed holdings of 6,189.18 BTC.

The firm’s Bitcoin strategy began in May 2024, when it adopted the asset as a treasury reserve. The decision came in response to Japan’s economic challenges, including persistent negative interest rates, high public debt, and a weakening yen. Metaplanet views Bitcoin as a hedge against these financial risks and a viable alternative to traditional reserves.

To reinforce this strategy, the company has set clear accumulation goals of 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026. The recent bond issuance and leadership adjustments highlight its commitment to meeting these targets.

Other Firms Are Also Turning to Bitcoin

The Japanese-based firm’s move comes shortly after Strategy announced the acquisition of 4,020 BTC, worth $427.1 million at an average price of $106,237 per coin. While Metaplanet’s 7,800 BTC is significant, it remains modest compared to Strategy’s massive holdings of 580,250 BTC, now valued at around $63.3 billion.

Other companies are also turning to Bitcoin. A CoinTab report noted that the Paris-listed Blockchain Group recently raised $72 million through convertible bonds to expand its BTC holdings and invest in blockchain-related initiatives.

Elsewhere, Hong Kong-based DDC Enterprise purchased 21 BTC last week, with a long-term goal of amassing 5,000 BTC. Similarly, Sweden’s H100 Group secured $2.2 million through convertible loans to kickstart its Bitcoin treasury strategy.

At the time of writing, Bitcoin is priced at $108,800, marking a minor 0.20% decline over the past 24 hours.