Catenaa, Tuesday, May 06, 2025-Japanese investment firm Metaplanet has issued ¥3.6 billion ($24.7 million) in zero-interest ordinary bonds to fund its continued Bitcoin acquisition strategy.
The funds will be allocated through Metaplanet’s EVO FUND, which allows investors to redeem bonds at full value by October 31, 2025. This marks the firm’s 12th round of bond issuance dedicated to purchasing Bitcoin.
Since beginning its active Bitcoin strategy in April 2024, Metaplanet has accumulated 5,000 BTC, valued at around $484 million, halfway toward its goal of holding 10,000 BTC by the end of 2025.
The Tokyo-based firm is now among the top ten corporate Bitcoin holders, alongside notable entities like Michael Saylor’s MicroStrategy and Tesla.
CEO Simon Gerovich shared on social media that Metaplanet’s US OTC-listed stock, MTPLF, has seen a surge in trading volume, reaching record levels for four consecutive days. Gerovich also revealed that the company’s unrealized gains from Bitcoin now exceed ¥6 billion, surpassing four times its market cap before adopting the Bitcoin standard.
In addition to its ongoing Bitcoin strategy, Metaplanet announced plans to open a US subsidiary, Metaplanet Treasury Corp., in Miami, Florida, later this month.
The new subsidiary is expected to enhance the firm’s access to institutional liquidity and improve its Bitcoin acquisition capabilities. Metaplanet plans to raise up to $250 million for its Bitcoin strategy, starting with an initial $10 million in capital.
