Metaplanet Buys $53 Million In Bitcoin, Issues Bonds To Fund Continued Accumulation
The post Metaplanet Buys $53 Million In Bitcoin, Issues Bonds To Fund Continued Accumulation appeared on BitcoinEthereumNews.com.
Metaplanet buys 555 BTC, raises $25M via bonds to fund further Bitcoin accumulation. BlackRock surpasses Strategy with 620K BTC held through its IBIT ETF worth $58.51B. Bitcoin hits $96,930 after 2.9% daily jump, boosted by institutional inflows and purchases. Japan-based Metaplanet has acquired an additional 555 Bitcoins, valued at approximately $53.7 million, as part of its ongoing digital asset strategy. The purchase brings the company’s total Bitcoin holdings to 5,555 BTC, worth an estimated $537.2 million at current prices. The latest move mirrors a strategy long used by Strategy, which involves raising capital to expand Bitcoin reserves. According to on-chain data shared by analytics account Lookonchain, the acquisition was made through two platforms, bitFlyer and QCP Capital. The transfers to Metaplanet’s cold wallet included 198 BTC, 197.5 BTC, and 159.4 BTC. All transactions were completed three hours before the announcement. Blockchain data from Arkham Intelligence confirms these transactions and the recipient wallet, linking it to Metaplanet. Bond Sale Supports Ongoing BTC Strategy In parallel with the new Bitcoin purchase, Metaplanet disclosed that it has issued $25 million worth of 0% ordinary bonds. Proceeds from the bond sale will be used to acquire more Bitcoin, confirming the company’s ongoing commitment to long-term digital asset exposure. The zero-coupon bond structure is similar to previous tactics used by MicroStrategy to raise non-dilutive capital for Bitcoin purchases. This marks another instance where Metaplanet has directly followed a corporate Bitcoin acquisition strategy that prioritizes holding the asset as a reserve rather than converting it for operational use. The decision to raise funds via debt rather than equity suggests a focused attempt to avoid dilution while expanding asset holdings. BlackRock Overtakes MicroStrategy in Bitcoin Holdings While Metaplanet continues to build its position, BlackRock has emerged as the largest institutional holder of Bitcoin through its iShares Bitcoin…
Filed under: News - @ May 8, 2025 2:16 am