The “0% Ordinary Bonds” will be issued at a discount and mature on November 7, according to Metaplanet’s board decision. In conjunction, the company will grant 14th Stock Acquisition Rights to EVO Fund, an investment firm based in the Cayman Islands.

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If fully raised, the $21.25 million could purchase approximately 206 BTC at current prices, according to CoinGecko.

Metaplanet Now Holds 5,555 BTC

The company now holds 5,555 Bitcoin, acquired for a total of $481.5 million at an average price of $86,672. This places Metaplanet as Asia’s largest public corporate Bitcoin holder, and 11th globally, according to BitcoinTreasuries.NET.

Metaplanet first revealed its Bitcoin-focused strategy in April 2024, and has since issued multiple bond offerings to fuel further accumulation.

U.S. Expansion and $250M Fundraising Target

On May 1, Metaplanet also announced it would open a wholly owned U.S. subsidiary — Metaplanet Treasury, based in Florida — aiming to raise $250 million to expand its Bitcoin acquisition strategy and tap into U.S. capital markets.

The company’s stock (3350T) has surged 1,600% over the past year, now trading at 511 JPY (~$3.50), reflecting investor confidence in its Bitcoin-centric approach.

Other firms like Strive Asset Management and GameStop are also exploring Bitcoin reserves, echoing the early moves made by Michael Saylor’s MicroStrategy.

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The post Metaplanet to Raise $21M Through Bonds to Buy More Bitcoin appeared first on Coin Engineer.

Speaking in an interview with CNBC on April 28, Chung pointed to growing institutional adoption and the expansion of global liquidity as the primary factors behind his bullish stance.

While acknowledging that this year’s macroeconomic conditions have not unfolded as initially expected, Chung described the recent market pullbacks as “healthy corrections,” suggesting they have laid a stronger foundation for Bitcoin’s rise as a mainstream financial asset.

“Looking back, I believe these corrections were necessary steps that have paved the way for Bitcoin’s long-term revaluation,” he said.

Bitcoin’s Dual Identity: A Risk Asset and Digital Gold

Chung also emphasized Bitcoin’s unique nature, explaining that it typically acts as a high-risk investment driven by user adoption and network expansion.

However, during times of financial instability — such as the Russia-Ukraine conflict in 2022 or the collapse of Silicon Valley Bank in 2023 — Bitcoin has often behaved like a safe-haven asset similar to gold.

“These instances are rare,” Chung noted, adding that Bitcoin tends to assume this role only when confidence in the US dollar-centered financial system weakens.

Although Bitcoin recently lagged behind gold amid market turbulence, Chung remains confident that BTC could catch up and potentially outperform traditional safe-haven assets by the end of the year.

He also reiterated Presto’s positive outlook on Ethereum, mentioning that their valuation models based on the ETH-to-BTC ratio still hold strong, driven by ongoing network improvements.

Institutional Demand Drives Bitcoin to $94,000

Supporting Chung’s perspective, Bitwise CEO Hunter Horsley recently highlighted on X that Bitcoin’s climb to $94,000 has been largely fueled by institutional investors, while retail participation remains historically low.

According to Horsley, major buyers now include financial advisors, corporations, and even sovereign entities, signaling a shift in the market’s structure.

“The types of investors entering the Bitcoin market are evolving,” Horsley commented, underlining the growing sophistication of market participants.

Meanwhile, data from BitcoinTreasuries.NET reveals that corporate Bitcoin holdings have now reached nearly $65 billion.

Recent analyses by Standard Chartered and Intellectia AI suggest that demand from ETFs and investors seeking to hedge against macroeconomic risks could potentially more than double Bitcoin’s price within this year.

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The post Could Bitcoin Soar to $210K by 2025? Presto’s Research Chief Remains Optimistic appeared first on Coin Engineer.