Metaplanet Issues $13.33M Bonds to Expand Bitcoin Holdings

Japanese venture capital firm Metaplanet has announced plans to raise ¥2 billion (roughly $13.33 million) through the issuance of zero-interest bonds. The proceeds from this initiative will be channeled towards boosting the company’s bitcoin stash. 

According to an official announcement, Metaplanet raised the funds by issuing its 10th series of ordinary bonds to the debt and financing solutions provider EVO Fund. This move underscores the company’s aggressive strategy of integrating cryptocurrencies into its reserves.

Bullish on Bitcoin 

Following Metaplanet’s last bitcoin purchase, the company holds 3,350 BTC at the time of writing, worth over $281.4 million. The company’s significant stash makes it the biggest corporate bitcoin holder in Asia. Metaplanet’s bitcoin strategy mirrors that of Strategy, the US business intelligence firm known for its large bitcoin holdings.

Metaplanet adopted bitcoin as a strategic treasury reserve in May 2024. The adoption was in response to Japan’s challenging economic environment, prolonged negative interest rates, and high debt levels which have significantly weakened the yen.

The firm sees the largest crypto asset as a hedge against financial instability. Therefore, the investment company is leveraging Bitcoin’s long-term appreciation potential to mitigate the risks associated with the depreciating yen.

To demonstrate its commitment, the company disclosed earlier this year its plan to expand its BTC stash by accumulating 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026. With the latest bond issuance and leadership updates, the business is stepping up its efforts to achieve this goal. 

Marathon Digital to Raise $2 Billion for Bitcoin Acquisition

In a similar move, Bitcoin mining firm Marathon Digital (MARA) recently announced a $2 billion stock offering. The company also revealed plans to use the proceeds primarily to acquire additional bitcoin and for general corporate purposes.

The firm entered into an agreement with Barclays Capital, BMO Capital Markets, BTIG, Cantor Fitzgerald, Guggenheim Securities, H.C. Wainwright, and Mizuho Securities as sales agents for the offering.

As one of the largest bitcoin mining firms globally, the move to expand bitcoin holdings is part of MARA’s broader strategy to strengthen its position as a significant bitcoin holder among publicly traded companies.  Meanwhile, at press time, Bitcoin trades at $81,995,  representing a 1.54% decline in 24 hours.