Yigit Taha OZTURK 
Japanese investment firm Metaplanet is doubling down on its Bitcoin accumulation strategy. Fresh off its latest purchase of 555 BTC for $53.4 million on May 7, the company announced on May 9 a new $21.25 million zero-coupon bond issuance — with 100% of the proceeds allocated for additional Bitcoin buys.
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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