Metaplanet Stock Jumps 9.5% After Issuing Zero-Interest Bonds for Bitcoin

Asia’s MicroStrategy? Metaplanet Raises $50M to Fuel BTC Buying Spree

Metaplanet, often referred to as “Asia’s MicroStrategy” for its aggressive Bitcoin investment strategy, has announced the issuance of $50 million in zero-interest bonds to finance further BTC acquisitions.

According to a regulatory filing on Thursday, this marks the company’s 16th bond issuance, which was fully subscribed by Evo Fund, an investment firm based in the Cayman Islands. Evo Fund has previously backed several of Metaplanet’s bond rounds, reinforcing its commitment to the Tokyo-listed company’s long-term Bitcoin accumulation strategy.

Following the announcement, Metaplanet’s shares surged by 9.5% at the close of trading on May 28 in Japan, as reported by Yahoo Finance. The move comes amid bullish sentiment in the crypto markets, with Bitcoin (BTC) hovering near all-time highs. BTC recently hit $111,889 on platforms like Coinbase, and was trading at $108,870 at the time of writing, according to The Block’s price data.

Targeting 10,000 BTC by End of 2025

Metaplanet began accumulating Bitcoin in April 2024, outlining a bold objective to reach 10,000 BTC by the end of 2025. The company is currently the largest publicly traded Bitcoin holder in Asia, and ranks 11th globally, based on data from BitcoinTreasuries.net.

Last week, the firm disclosed the purchase of an additional 1,004 BTC, valued at approximately $104 million, pushing its total holdings to 7,800 BTC.

This strategic bond issuance highlights Metaplanet’s unwavering focus on expanding its Bitcoin treasury, even amid market volatility. While the long-term impact remains to be seen, the move reinforces a growing trend among institutional players leaning into crypto-backed treasury strategies.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.