Issues $13.4M in bonds for Bitcoin purchases

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Japanese Bitcoin treasury firm Metaplanet has issued 2 billion Japanese yen ($13.35 million) in bonds to continue expanding its BTC reserves, marking its latest move in a series of purchases that began in May 2024.

On Feb. 27, Metaplanet announced the fresh issuance of 0% ordinary bonds worth 2 billion yen to purchase Bitcoin (BTC). According to the notice, this would be the seventh time Metaplanet issued ordinary bonds for making Bitcoin purchases.

Source: Metaplant

Metaplanet will issue 40 ordinary bonds, each with a face value of 50 million yen. The bonds, which bear no interest, will be redeemable in full on Aug. 26, 2025.

According to the company, the proceeds will be allocated to Evo Fund, Metaplanet’s dedicated Bitcoin acquisition fund.

Related: Metaplanet, El Salvador stack Bitcoin as BTC slides 5% in 10 hours

Continuing a Bitcoin purchase streak

Since May 13, 2024, Metaplanet has purchased Bitcoin on 17 different occasions, its biggest being a 619.7 BTC acquisition on Dec. 20, 2024. 

Metaplanet purchase history. Source: BitcoinTreasuries.com

The company has now accumulated 2,235 BTC, valued at approximately $192.4 million.

While the company was founded in 1999, Metaplanet’s stock prices — listed on the Tokyo Stock Exchange — have struggled since 2013. 

Bonds, Buy, MicroStrategy

Metaplanet stock performance for 1 year. Source: Google Finance

The company’s shift toward Bitcoin accumulation has drawn comparisons to Strategy (formerly MicroStrategy), the US software firm co-founded by Michael Saylor that pioneered Bitcoin treasury investments.

Bitcoin helps appreciate Metaplanet stock prices

Metaplanet’s stock has surged since it began acquiring Bitcoin, rising from 200 yen to 6,650 yen in early 2025, marking a 3,225% increase in less than a year.

However, shares have since pulled back and currently trade around 4,000 yen.

During the February stock surge, Metaplanet announced plans to acquire 10,000 Bitcoin by Q4 2025 and intends to increase its total holdings to 21,000 BTC by the end of 2026, which would be worth $2 billion in current market prices.

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