
Metaplanet raised $26.32M via 0% interest bonds, initially for Bitcoin purchases, but now primarily for debt repayment.
The company has amassed 1,762 BTC ($137M) since April 2024, aiming for 21,000 BTC by 2026.
Inspired by MicroStrategy's success, Metaplanet leverages low Japanese interest rates to acquire Bitcoin.
Metaplanet, a Japan-listed company, has just raised ¥4 billion ($26.32 million) by issuing 0% interest bonds. Initially, the plan was to use this money to buy more Bitcoin, doubling down on its crypto-focused strategy. But in a surprising twist, the company decided to allocate the funds for bond repayments instead.
Does it mean Metaplanet is stepping back from its Bitcoin ambitions? Far from it. Despite the shift, its stock price has soared 64% this year, proving that investors still believe in its long-term Bitcoin bet.
Aiming to Be Asia’s Biggest Bitcoin Holder
Metaplanet began buying Bitcoin in April 2024 and has already acquired 1,762 BTC, spending $137 million. The company views Bitcoin as a valuable asset due to its limited supply and independence from government control. By 2026, it plans to increase its holdings to 21,000 BTC, aiming to become Asia’s largest corporate Bitcoin holder.
This aggressive accumulation has attracted more investors, with Metaplanet’s shareholder count soaring 500% to 50,000 in 2024.
Praise from Bitcoin Advocates
Metaplanet’s strategy has caught the attention of MicroStrategy’s executive chairman, Michael Saylor
Michael Saylor
Michael Saylor is a US-based entrepreneur and Bitcoin Advocate. He is the founding member of MicroStrategy (now Strategy), a development company that focuses on cloud-based services. He urges investors to invest in Bitcoin and shares new updates on Bitcoin on his X account.
His firm, Strategy, now makes Bitcoin its primary reserve and stockpiles Bitcoin frequently. He has attended several events like the Bitcoin Conference 2025 to advocate for Bitcoin and its future growth.
Quick Facts
Full Name Michael J. Saylor Birth 04-02-1965 in Lincoln, Nebraska Nationality American Education BS from MIT Known for Bitcoin Advocacy
Michael Saylor – Career Timeline 1996: Named "Washington High-Tech Entrepreneur of the Year" 1998: MicroStrategy went public through an IPO 2021: Became a top Bitcoin advocate and urged its adoption. msaylor@microstrategy.com EntrepreneurCrypto and Blockchain ExpertAuthor , a well-known Bitcoin supporter. The company’s stock price has skyrocketed from below ¥1,000 in October 2024 to over ¥6,650 today – a massive 4,000% surge. This explosive growth has made Metaplanet one of Japan’s hottest stocks, attracting interest from both crypto and traditional investors.
Is This a Winning Formula?
Strategy started this trend and has successfully borrowed money to buy Bitcoin, and Metaplanet seems to be following the same playbook. Strategy doubled its stock price in five years with this approach, proving that Bitcoin can be a strong financial asset. Since Japan has low interest rates, Metaplanet can borrow money cheaply to keep adding more Bitcoin to its reserves. The companies are cashing on these recent dips to add more BTC at low rates.
Bitcoin’s Growing Influence
Bitcoin is currently trading at $96,226, with a market cap of $1.90 trillion. As the U.S. considers adding Bitcoin to its financial reserves, more companies might adopt Metaplanet’s strategy. However, Bitcoin’s price remains unpredictable, and its limited supply could make future purchases more expensive.
If Metaplanet manages these risks well, it could lead Asia in corporate Bitcoin holdings. But if the market turns against them, this bold move could backfire.
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FAQs
Metaplanet currently holds 1,762 BTC worth $169 million and aims to become Asia’s largest Bitcoin holder by 2026.