Catenaa, Tuesday, June 17, 2025-Metaplanet, often dubbed Japan’s answer to Strategy, announced Monday it has issued $210 million in zero-interest bonds to acquire additional Bitcoin, intensifying its aggressive crypto treasury strategy.
The Tokyo-listed firm said its board approved the issuance of the 18th series of ordinary bonds to Evo Fund, a Cayman Islands-based investment firm. The bonds, set to mature on December 12, 2025, include an early redemption clause.
Proceeds will be used exclusively to purchase Bitcoin, Metaplanet confirmed.
With this move, Metaplanet’s Bitcoin holdings now total 8,888 BTC, according to Bitcoin Treasuries, following its latest addition of 1,088 BTC. CEO Simon Gerovich posted the update on X with the remark, “All Bitcoin,” reaffirming the firm’s conviction.
The strategy mirrors that of US-based Strategy, the Michael Saylor-led firm known for pioneering corporate Bitcoin adoption.
Metaplanet’s stock has surged more than 4,800% over the past year amid its shift to a crypto-centric treasury model.
The company has also become Japan’s most shorted stock by hedge funds, reflecting polarized market sentiment.
The bond sale comes as Japan grapples with rising debt and a weakening yen. Analysts say Bitcoin could act as a hedge against these macroeconomic risks.
Seamus Rocca, CEO of Xapo Bank, told Cryptonews that while bold, such moves should be approached with long-term discipline. He said high-conviction firms like Metaplanet “allocate responsibly, not speculatively.”
