Unveiling the Reason: Metaplanet’s $13.6M Investment to Capitalize on Bitcoin’s Drop
Key Points
- Metaplanet, a Japanese company, has raised an additional 2B Yen to purchase ‘discounted’ Bitcoin.
- The company’s share value has seen significant growth, outperforming both Bitcoin and MicroStrategy’s MSTR.
Metaplanet’s Strategy for Bitcoin Acquisition
Metaplanet, often referred to as the Japanese MicroStrategy, has issued another convertible bond. The goal is to raise 2B Yen, approximately $13.6 million, to purchase Bitcoin at a discounted price as the cryptocurrency fell below $80K.
Dylan LeClair, BTC Strategy Officer at Metaplanet, confirmed the company’s intention to take advantage of the recent dip in Bitcoin prices.
Simon Gerovich, CEO of Metaplanet, clarified that the company chose to issue bonds rather than sell shares to maintain the value for shareholders. He stated that they leveraged 0% interest on bonds to secure capital for Bitcoin accumulation, thereby preserving shareholder value.
Metaplanet’s Bitcoin Holdings and Performance
As of February 2025, Metaplanet held 2,235 Bitcoin , valued at over $180M. This marked the first time the company crossed the 2K Bitcoin holding threshold this year.
The company adopted a Bitcoin strategy last summer, following MicroStrategy’s playbook of using debt and selling shares to raise capital for Bitcoin purchases. Since then, the firm’s shares have surged by an impressive +1300% by mid-February.
Despite Bitcoin’s recent decline, Metaplanet’s shares are still up 930% from last summer. The company experienced the smallest drop compared to MicroStrategy’s MSTR and Bitcoin this year. In terms of year-to-date (YTD) performance, Metaplanet was down 4.8%, compared to MSTR’s -17% and Bitcoin’s -15%.
However, on a year-on-year (YoY) basis, the company’s shares have grown by 1,640%, outperforming both Bitcoin’s 28% and MSTR’s 150% gains. This suggests that Bitcoin investors who chose indirect exposure through Metaplanet have fared better than those who invested in MSTR.
