Japanese investment firm Metaplanet Inc. has issued 2 billion yen (approximately $13.3 million) in zero-interest bonds
Japanese investment firm Metaplanet Inc. has issued 2 billion yen (approximately $13.3 million) in zero-interest bonds to fund additional Bitcoin (BTC) purchases.
According to a March 31 regulatory filing, the bonds were allocated through the company’s Evo Fund, with full redemption available to investors by September 30, 2025. The firm’s CEO, Simon Gerovich, confirmed that the move was intended to capitalize on Bitcoin’s recent price decline.
At the time of the announcement, Bitcoin was trading at approximately $82,000, down around 25% from its all-time high of over $109,000.
The company, which is focusing on adopting Bitcoin as a core treasury asset, is now Asia’s largest corporate Bitcoin holder and 10th in the world, according to BitcoinTreasuries.net. It currently holds 3,200 BTC, valued at roughly $1.23 billion based on current market prices.
This strategy draws comparisons to U.S.-based company MicroStrategy (NASDAQ:), which is known for its massive Bitcoin holdings. As of April 1, Strategy holds over 500,000 BTC, worth nearly $82 billion, representing more than 2% of Bitcoin’s total supply cap of 21 million.
Metaplanet has made a series of high-profile Bitcoin acquisitions in recent weeks. In early April, the firm purchased 150 BTC. Earlier in the month, it acquired an additional 156 BTC, part of its broader goal to accumulate 21,000 BTC by 2026.
In March, the company's stock jumped 19% in a single day following a $44 million Bitcoin purchase. Metaplanet is also exploring a potential U.S. stock exchange listing to increase global investor access to its shares.
To further expand its footprint, Metaplanet has appointed Eric Trump, son of former U.S. President Donald Trump, to its newly formed Strategic Board of Advisers. Trump will provide expertise in finance, real estate, and digital assets to support the company's ambition to become a global leader in the Bitcoin economy.
