TLDR:

Metaplanet is raising $21.25 million through zero-coupon bonds to purchase more Bitcoin
The firm recently acquired 555 Bitcoin for $53.4 million, bringing its total to 5,555 BTC
Metaplanet’s stock has surged 41% in a week and over 1,600% in the past year
The company plans to reach 10,000 BTC by 2026 and is expanding with a US subsidiary
Bitcoin is approaching the $100,000 mark with strong institutional interest

Metaplanet Inc., a Japanese investment firm often called the “MicroStrategy of Japan,” continues its aggressive Bitcoin acquisition strategy with plans to raise more funds through bond issuance.

The Tokyo-listed company announced on May 9 that it will issue a new round of zero-coupon bonds worth $21.25 million to purchase more Bitcoin.

This latest fundraising effort comes just days after Metaplanet spent $53.4 million to acquire 555 Bitcoin at an average price of $96,134 on May 7.

The company now holds a total of 5,555 Bitcoin. These holdings were purchased for approximately $481.5 million at an average price of $86,672 per coin.

With its current Bitcoin treasury, Metaplanet has become Asia’s largest public corporate holder of Bitcoin. It ranks 11th globally among companies holding the cryptocurrency on their balance sheets.

The zero-coupon bonds being issued don’t offer any interest to holders. They are typically issued at a discount from their normal value, with holders receiving the full value at maturity.

Rapid Stock Growth

Metaplanet’s stock price reflects investor enthusiasm for its Bitcoin strategy. Shares have surged more than 1,600% over the past year.

The stock has gained 41% in just the past week. It now trades at around 511 Japanese yen ($3.50) per share.

The most recent bond announcement triggered a 12% jump in Metaplanet’s stock price on Friday. The stock is up 33% since the beginning of 2025.

At current Bitcoin prices, the new $21.25 million bond issuance could allow Metaplanet to purchase approximately 206 more Bitcoin. This would further expand its already substantial holdings.

The company’s Bitcoin acquisition strategy began last April. Since then, it has made several major purchases to build its crypto treasury.

On May 7, Metaplanet also announced another $25 million zero-coupon bond issuance. These funds will also be directed toward buying more Bitcoin.

Global Expansion Plans

Metaplanet is expanding beyond Japan to accelerate its Bitcoin strategy. On May 1, the company announced plans to launch a wholly owned US subsidiary.

The new entity, Metaplanet Treasury, will be based in Florida. Through this subsidiary, the company plans to raise $250 million to further its Bitcoin acquisition plans.

The US expansion will also help Metaplanet tap into American capital markets. Last week, the firm opened a new office in Miami, showing its interest in North American markets.

CEO Simon Gerovich is leading the company’s ambitious plan to hold 10,000 Bitcoin by 2026. This target would nearly double its current holdings.

Metaplanet’s approach mirrors that of US-based MicroStrategy, which pioneered the corporate Bitcoin treasury model. MicroStrategy has been using debt to finance its Bitcoin purchases for several years.

Other companies are following similar strategies. Strive Asset Management recently announced its transition into a Bitcoin treasury company.

Video game retailer GameStop Corporation completed a convertible debt offering on April 1 that raised $1.5 billion. Some of these proceeds are earmarked for Bitcoin purchases.

The broader Bitcoin market is also showing strength. The cryptocurrency is currently trading near $100,000, supported by strong institutional interest.

Data from Santiment shows that Bitcoin ETFs have seen $5.13 billion in net inflows over the past three weeks. BlackRock’s iShares Bitcoin Trust has recorded 16 consecutive days of inflows.

The post Metaplanet Inc. Stock Surge: Japanese Firm Issues New Bonds to Purchase More Bitcoin appeared first on CoinCentral.

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Filed under: News - @ May 9, 2025 8:24 am