Japanese Bitcoin treasury firm Metaplanet issued 2 billion Japanese yen ($13.35 million) in bonds to continue expanding its BTC reserves, marking the latest move in a series of purchases that began in May 2024.
On Feb. 27, Metaplanet announced the fresh issuance of 0% ordinary bonds worth 2 billion yen to purchase Bitcoin (BTC). According to the notice, this was the seventh time Metaplanet issued ordinary bonds for making Bitcoin purchases.
Source: Metaplant
Metaplanet will issue 40 ordinary bonds, each with a face value of 50 million yen. The bonds, which bear no interest, will be redeemable in full on Aug. 26, 2025.
According to the company, the proceeds will be allocated to Evo Fund, Metaplanet’s dedicated Bitcoin acquisition fund.
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Continuing a Bitcoin purchase streak
Since May 13, 2024, Metaplanet has purchased Bitcoin on 17 occasions, its biggest being a 619.7 BTC acquisition on Dec. 20, 2024.
Metaplanet purchase history. Source: BitcoinTreasuries.com
The company has accumulated 2,235 BTC, valued at about $192.4 million.
While the company was founded in 1999, Metaplanet’s stock prices — listed on the Tokyo Stock Exchange — have struggled since 2013.
Metaplanet stock performance for 1 year. Source: Google Finance
The company’s shift toward Bitcoin accumulation has drawn comparisons to Strategy (formerly MicroStrategy), the US software firm co-founded by Michael Saylor that pioneered Bitcoin treasury investments.
Bitcoin helps appreciate Metaplanet stock prices
Metaplanet’s stock has surged since it began acquiring Bitcoin, rising from 200 yen to 6,650 yen in early 2025, marking a 3,225% increase in less than a year.
Still, its shares have since pulled back and currently trade at around 4,000 yen.
During the February stock surge, Metaplanet announced plans to acquire 10,000 Bitcoin by Q4 2025 and that it intends to increase its total holdings to 21,000 BTC by the end of 2026, which would be worth $2 billion in current market prices.
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