Metaplanet Issues $21 Million In Bonds To Fund Bitcoin Acquisition
Japanese investment firm Metaplanet announced a new $21.25 million bond issue to purchase additional Bitcoin for its growing treasury. According to Cointelegraph, the company will issue "0% Ordinary Bonds" with all funds allocated exclusively for Bitcoin acquisition. This latest funding round comes just days after Metaplanet revealed a $53.4 million purchase of 555 Bitcoin on May 7, which brought its total holdings to 5,555 BTC.
Metaplanet's Aggressive Bitcoin Acquisition Strategy
Metaplanet has established itself as Asia's largest corporate Bitcoin holder, ranking 11th globally according to BitcoinTreasuries.NET. The company's Bitcoin strategy began in April 2024, and it has since accumulated 5,555 BTC at an average price of $86,672 per coin, with total investment of $481.5 million. The firm's rapid accumulation has positioned it as Japan's equivalent to Strategy (formerly MicroStrategy), the leading corporate Bitcoin holder worldwide.
The Tokyo-listed company tracks a proprietary metric called "BTC Yield" to measure treasury performance. CoinDesk reports that Metaplanet achieved a year-to-date BTC Yield of 121.1% in 2025, reflecting the company's successful execution of its acquisition strategy. This metric isolates gains driven purely by Bitcoin acquisition while neutralizing dilution from newly issued shares.
Global Expansion and Future Plans
Metaplanet recently announced plans to establish a U.S. subsidiary in Florida. The Block reports that Metaplanet Treasury Corp. will launch with initial capital of $10 million and plans to raise up to $250 million to accelerate its Bitcoin treasury strategy. The subsidiary aims to strengthen the parent company's access to institutional liquidity pools and improve Bitcoin acquisition efficiency.
The company has set ambitious targets for its Bitcoin holdings. Digital Market News notes that Metaplanet aims to accumulate 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. This "21 Million Plan" - a reference to Bitcoin's capped supply - involves issuing 21 million shares via moving strike warrants to raise approximately 116.65 billion yen ($745 million).
Market Impact and Investment Performance
Metaplanet's stock (3350T) has increased over 1,600% in the last year, trading at 511 Japanese yen ($3.50) according to Google Finance. However, recent market volatility has affected Bitcoin treasury companies. CCN reported in April that Metaplanet's stock had declined 26.28% over a five-day period as Bitcoin prices fell below $80,000 amid concerns over U.S. tariff policies.
Despite short-term market fluctuations, Metaplanet continues to execute its Bitcoin strategy with conviction. The company's latest bond issuance follows a $25 million bond issue announced on May 2, demonstrating its continued commitment to Bitcoin accumulation regardless of price volatility. At current prices, the $21.25 million raised could purchase approximately 206 additional Bitcoin for the company's treasury.
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