Metaplanet raised 4 billion Japanese yen ($26.1 million) through the issuing of zero-interest unsecured bonds. The announcement, issued on February 12 via the company’s official X account, represents a significant milestone in the company’s aim to increase Bitcoin holdings.
A bond serves as a loan made by investors to a firm or government, with periodic interest payments and principal repayment at maturity. However, Metaplanet’s most recent fundraising, led by investment firm EVO Fund, has no interest commitments, making it a beneficial financial move for the company.
Metaplanet intends to quickly build its cryptocurrency reserves in order to meet its ambitious objective of acquiring 10,000 BTC by the fourth quarter of 2025, which is currently worth around $957 million. By the end of 2026, the corporation expects to have 21,000 BTC, which is equivalent to about $2 billion at current market levels. Metaplanet reported having around 1,762 BTC on January 28.
The company’s most recent financial adjustment has resulted in a fall in the yen allotted for Bitcoin purchases, from 111.3 billion yen ($723 million) to 107.3 billion yen ($701 million). This restructure is consistent with Metaplanet’s objective of mitigating foreign exchange risks while maximizing Bitcoin acquisitions.
In a statement, Metaplanet mentioned Japan’s economic landscape, which includes massive national debt, protracted negative interest rates, and chronic yen depreciation, as a primary factor for their shift into Bitcoin. The corporation sees cryptocurrencies as a major reserve asset and a hedge against economic volatility.
Metaplanet’s aggressive Bitcoin approach has boosted its stock price by an incredible 5,250% in just one year. During this time, its shareholder base grew by 500%, drawing approximately 50,000 new investors. The company’s market valuation has also risen dramatically, increasing by 11,800% in the last year.
Beyond business adoption, Bitcoin is gaining traction with a variety of bodies, including state governments and institutions. Currently, at least 16 US states, including Texas, Kentucky, and Missouri, are considering adding Bitcoin to their reserves. Furthermore, the United States federal government is considering establishing a digital asset reserve that might include Bitcoin, and the Czech National Bank is also looking into Bitcoin as part of its financial plan.
Metaplanet’s aggressive acquisition intentions mirror those of organizations such as MicroStrategy, which has considerably boosted its Bitcoin holdings. MicroStrategy just announced the acquisition of a further 7,633 BTC for $742 million, raising its total reserves to 478,740 BTC.
As institutional and corporate interest in Bitcoin grows, Metaplanet’s forward-thinking investing strategy positions it as a key player in the rapidly changing digital asset market. With this recent funding, the company is well on its way to increasing its Bitcoin holdings and solidifying its place in the cryptocurrency industry.
