Japan's Metaplanet Issues $13.3M in Bonds to Expand Bitcoin Holdings

Japanese investment firm Metaplanet Inc. has issued 2 billion yen (approximately $13.3 million) in zero-interest bonds to fund additional Bitcoin (BTC) purchases, further reinforcing its strategy of adopting Bitcoin as a core treasury asset.

According to a March 31 regulatory filing, the bonds were allocated through the company’s Evo Fund, with full redemption available to investors by September 30, 2025. The firm’s CEO, Simon Gerovich, confirmed that the move was intended to capitalize on Bitcoin’s recent price decline.

At the time of the announcement, Bitcoin was trading at approximately $82,000, down around 25% from its all-time high of over $109,000.

Japan’s Largest Corporate Bitcoin Holder

Metaplanet has established itself as Asia’s largest corporate holder of Bitcoin and is currently ranked 10th globally, according to BitcoinTreasuries.net. The company now holds 3,200 BTC, valued at roughly $1.23 billion based on current market prices.

The firm has drawn comparisons to MicroStrategy (now named Strategy), the U.S.-based business intelligence company that pioneered the corporate Bitcoin accumulation model. Strategy holds over 500,000 BTC, worth nearly $82 billion, representing more than 2% of Bitcoin’s total supply cap of 21 million.

Aggressive Accumulation and Expansion Plans

Metaplanet has made a series of high-profile Bitcoin acquisitions in recent weeks. In early April, the firm purchased 150 BTC, and earlier in the month it acquired an additional 156 BTC, part of its broader goal to accumulate 21,000 BTC by 2026.

In March, the company made headlines when its stock jumped 19% in a single day following a $44 million Bitcoin purchase. Metaplanet is also exploring a potential U.S. stock exchange listing to increase global investor access to its shares.

Strategic Board and U.S. Political Ties

In a notable move, Metaplanet recently appointed Eric Trump, son of former U.S. President Donald Trump, to its newly formed Strategic Board of Advisers. The company says Trump’s expertise in finance, real estate, and digital assets will support its ambition to become a global leader in the Bitcoin economy.

As institutional interest in Bitcoin continues to grow, Metaplanet’s aggressive accumulation strategy and global expansion efforts position it as a rising force in corporate crypto adoption.