Japanese Bitcoin treasury firm Metaplanet issued 2 billion Japanese yen ($13.35 million) in bonds

Japanese Bitcoin treasury firm Metaplanet issued 2 billion Japanese yen ($13.35 million) in bonds to continue expanding its BTC reserves

Japanese Bitcoin treasury firm Metaplanet has issued 2 billion yen ($13.35 million) in bonds to continue expanding its BTC reserves.

The company announced on Feb. 27 that it will be issuing 40 0% ordinary bonds with a face value of 50 million yen each, which will be fully redeemable on August 26, 2025.

The proceeds of the bonds will be allocated to Evo Fund, a Bitcoin acquisition fund established by Metaplanet in May 2024.

ETHDenver: Top events to check out during the ‘Year of the Regenerates’

As ETHDenver approaches, Web3 engagement platform Belong has prepared a list of top events to look out for.

The premier events in the crypto calendar, ETHDenver will be taking place from February 23 to March 2 in the namesake Colorado city.

The National Western Complex will be hosting the main events, while hundreds of side events will be held throughout the week, focused on the theme of ‘Year of The Regenerates.’

At these events, builders, VCs, and startups will be able to network, exchange ideas, and consider new collaborations.

To help attendees identify priority sessions, complete their networking goals, and engage with event organizers, Belong — a Cointelegraph Accelerator participant — has curated an event guide and engaged in a campaign to highlight the best sessions and parties.

Belong turns real-life social interactions into digital records that can be verified by combining onchain engagement with in-person participation. During the week of ETHDenver, participants can collect digital prizes as they attend events, such as gathering stickers and earning non-fungible token (NFT) rewards.

To take part, users need to follow four simple steps:

Create a free Belong account.Download the ETHDenver app and select their favorite events.Attend at least three events to receive a limited-edition NFT reward.Share their experience on social media with the hashtag #ETHDenver for a chance to win more prizes.

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 December 20.

The company has so far accumulated 2,235 BTC, currently 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.

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.