Metaplanet, that investment firm over in Japan, just made another move in the Bitcoin game. They decided to issue some bonds, the kind that don’t pay interest (zero-interest ordinary bonds, just a way for companies to borrow money). We’re talking about a good chunk of change here, 3.6 billion Japanese yen, which works out to about $24.7 million US dollars. And the reason? To snap up even more Bitcoin.
- Metaplanet issued zero-interest bonds to raise funds specifically for purchasing more Bitcoin, totaling approximately $24.7 million. This is part of their ongoing strategy.
- The company aims to reach 10,000 BTC by the end of the year, currently holding around 5,000 BTC, and is now among the top Bitcoin-holding companies.
- Metaplanet is establishing a U.S. subsidiary in Miami, Florida, to facilitate access to institutional investors and streamline Bitcoin purchases.
This bond thing is part of their EVO FUND setup. It lets investors get their initial money back, the full face value, by October 31, 2025. This isn’t some one-off deal either; it’s actually the twelfth time they’ve used these specific bonds to fuel their strategy of piling up Bitcoin. They seem quite committed to this path, wouldn’t you say?
Since Metaplanet really kicked off its active Bitcoin buying spree back in April of 2024, they’ve managed to gather quite a stash. They hit the 5,000 BTC mark recently. That’s worth around $484 million right now, which is nothing to sneeze at. Their big, stated goal is to reach 10,000 BTC by the close of the year. So, they’re sitting pretty much halfway to that target. It’s a bit like watching a race to see who can collect the most digital gold bars. They’re now right up there among the top ten companies holding significant amounts of Bitcoin, rubbing shoulders with folks like Michael Saylor’s company and even Elon Musk’s Tesla. Pretty interesting company to keep, isn’t it?
Meanwhile, the company’s CEO, Simon Gerovich, popped onto X (you know, the platform formerly known as Twitter) to share some news about their stock. Their shares, which trade in the US on the OTC Market (that’s basically an off-exchange trading place), have seen a real jump in action lately. Yesterday marked the fourth day in a row where they hit record trading volume. It seems like the word is getting out, or maybe people just like what they see?
Gerovich also posted about the money they’re making, at least on paper. He mentioned their unrealized gains on Bitcoin – that’s the profit they’d have if they sold their Bitcoin right now – have gone over 6 billion yen. He pointed out this is more than four times their entire market value was before they decided to go all-in on the “Bitcoin standard.” It’s a pretty clear indicator that the strategy is, so far, working out for them.
But wait, there’s more news. Metaplanet also announced just the day before that they’re planting a flag in the United States. They’ve decided to set up a brand-new company down in Miami, Florida. It will be entirely owned by Metaplanet (a wholly-owned U.S. subsidiary). Why Miami? They figure Florida is becoming a central spot, a kind of hub, for companies that are really focused on Bitcoin. Seems like a smart move to be where the action is, and maybe enjoy some sunshine too.
This planned new company, which they’re calling Metaplanet Treasury Corp., has a clear mission. It’s expected to help the main company get better access to big pools of money from large investors (institutional liquidity pools). It should also make it easier and more efficient for them to buy Bitcoin. Think of it as building a smoother pipeline straight to the Bitcoin market.
And this new US branch isn’t just for show. It plans to raise a significant amount of money itself, up to $250 million. This cash is specifically intended to boost their Bitcoin buying plans (their treasury strategy). They plan to start with a solid $10 million in initial capital when they get things rolling later this month. That’s a serious commitment to stacking sats on American soil.
Back on the home front, Metaplanet’s stock trading on the Tokyo exchange saw a nice bump too. It climbed 10.4% to 435 Japanese yen during trading hours today. It seems the market in Japan is also reacting positively to these moves. It’s always interesting to see how these corporate Bitcoin strategies play out in the stock market, isn’t it?
