Japanese investment firm Metaplanet raised 9.5 billion yen ($60.6 million) through two bond issues this week to accelerate its bitcoin buying strategy.
The Tokyo-listed company said today it issued a 5 billion yen ($31.9 million) bond as its fifth regular issue, complementing a 4.5 billion yen ($28.7 million) bond issue announced earlier this week. Both bonds are zero-interest and mature on June 16, 2025.
“These funds will accelerate Bitcoin purchases originally planned for 2025 into the current year,” Metaplanet CEO Simon Gerovich said on X (formerly Twitter).
Metaplanet has been actively increasing its Bitcoin holdings since announcing in May that it would adopt Bitcoin as a strategic treasury reserve asset. As of Dec. 18, the firm held approximately 1,142,287 BTC, worth approximately $110.3 million at current market prices.
Despite this bold move, Metaplanet’s shares on the Tokyo Stock Exchange closed down 4.24% today at 3,610 yen, according to Yahoo Finance. However, year-to-date stock performance remains impressive, up 2,023%.
The company also debuted on the U.S. OTCQX market this week. Shares closed down 9.96% on their first day of trading in the U.S., according to Google Finance.
Metaplanet’s Bitcoin-focused strategy is in line with trends seen at other public companies like MicroStrategy, which remains the largest public institutional Bitcoin holder with 439,000 BTC, according to BitcoinTreasuries.
Metaplanet’s aggressive bond-funded approach underscores the growing interest by traditional firms in leveraging Bitcoin as a core part of their financial strategies.
*This is not investment advice.
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