Japanese Bitcoin treasury agency Metaplanet has issued 2 billion Japanese yen ($13.35 million) in bonds to proceed increasing its BTC reserves, marking its newest transfer in a collection of purchases that started in Might 2024.
On Feb. 27, Metaplanet introduced the recent issuance of 0% bizarre bonds price 2 billion yen to buy Bitcoin (BTC). Based on the discover, this might be the seventh time Metaplanet issued bizarre bonds for making Bitcoin purchases.
Supply: Metaplant
Metaplanet will situation 40 bizarre bonds, every with a face worth of fifty million yen. The bonds, which bear no curiosity, will probably be redeemable in full on Aug. 26, 2025.
Based on the corporate, the proceeds will probably be allotted to Evo Fund, Metaplanet’s devoted Bitcoin acquisition fund.
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Persevering with a Bitcoin buy streak
Since Might 13, 2024, Metaplanet has purchased Bitcoin on 17 completely different events, its largest being a 619.7 BTC acquisition on Dec. 20, 2024.
Metaplanet buy historical past. Supply: BitcoinTreasuries.com
The corporate has now accrued 2,235 BTC, valued at roughly $192.4 million.
Whereas the corporate was based in 1999, Metaplanet’s inventory costs — listed on the Tokyo Inventory Trade — have struggled since 2013.
Metaplanet inventory efficiency for 1 12 months. Supply: Google Finance
The corporate’s shift towards Bitcoin accumulation has drawn comparisons to Technique (previously MicroStrategy), the US software program agency co-founded by Michael Saylor that pioneered Bitcoin treasury investments.
Bitcoin helps recognize Metaplanet inventory costs
Metaplanet’s inventory has surged because it started buying Bitcoin, rising from 200 yen to six,650 yen in early 2025, marking a 3,225% improve in lower than a 12 months.
Nevertheless, shares have since pulled again and at present commerce round 4,000 yen.
Through the February inventory surge, Metaplanet introduced plans to acquire 10,000 Bitcoin by Q4 2025 and intends to extend its complete holdings to 21,000 BTC by the tip of 2026, which might be price $2 billion in present market costs.
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