Metaplanet issues $13.3M bonds to expand Bitcoin holdings

Metaplanet, a Tokyo-listed investment firm, has issued zero-interest bonds worth 2 billion yen ($13.3 million) to purchase additional Bitcoin (CRYPTO:BTC) amid a market price dip.

According to a March 31 filing, the bonds were allocated through the company’s Evo Fund and are redeemable at full face value by September 30.

This strategic move aligns with Metaplanet’s broader goal of increasing its Bitcoin reserves as part of its treasury management plan.

Simon Gerovich, the firm’s CEO, stated via X that the company is leveraging Bitcoin’s recent price drop to strengthen its holdings.

Gerovich emphasised the firm’s commitment to accumulating Bitcoin rather than selling it, describing the asset as “the apex monetary asset.”

Metaplanet currently holds about 3,200 BTC valued at $1.23 billion, making it Asia’s largest corporate Bitcoin holder and the tenth-largest globally, according to BitcoinTreasuries data.

The company aims to acquire 21,000 BTC by 2026 under its ambitious “21 Million Plan,” inspired by Bitcoin’s fixed supply cap.

This strategy mirrors that of MicroStrategy (now Strategy), a U.S.-based firm known for its significant Bitcoin investments.

MicroStrategy holds over 500,000 BTC worth nearly $82 billion, representing more than 2% of Bitcoin’s total supply.

Metaplanet has made several notable acquisitions recently, including purchasing 150 BTC earlier this month and investing $44 million in additional Bitcoin in March.

The firm is also exploring a potential U.S. listing to make its shares more accessible to global investors.

In addition to financial strategies, Metaplanet has expanded its influence by appointing Eric Trump to its strategic advisory board.

The company stated that Trump brings expertise in finance and digital asset adoption to support its mission of becoming a global leader in the Bitcoin economy.

At the time of reporting, the Bitcoin (BTC) price was $82,680.22.