Metaplanet Goes All In On BTC Again — This Time With a $13M War Chest

Metaplanet is going all in on BTC again — this time with a $13 million war chest. The Japanese Bitcoin treasury company has issued 2 billion Japanese yen ($13.3 million) in zero-interest bonds to continue expanding its BTC reserves.

Metaplanet, the Japanese Bitcoin treasury company, is continuing its ambitious Bitcoin buying spree with a new $13 million war chest.

As announced on March 31, Metaplanet has issued 2 billion Japanese yen (about $13.3 million) in zero-interest bonds by allocation to fuel its BTC purchases following a meeting of its board of directors. The debt security, which carries no interest payments, will be allocated via the company’s Evo fund and allows investors to redeem the bonds at full face value by September 30.

“We will be using the funds to purchase Bitcoin, further expanding our treasury and contributing to the stability of the cryptocurrency ecosystem,” a statement from Metaplanet reads.

The company, which is listed on the Tokyo Stock Exchange, is currently the tenth-largest corporate holder of Bitcoin, with a stockpile of 3,350 BTC. Earlier this month, Metaplanet chipped away at its ambitious goal of accumulating 10,000 BTC by 2025 and 21,000 BTC by 2026 with the purchase of 150 Bitcoin.

Announcing the issuance of 0% ordinary bonds by allocation to fuel its Bitcoin purchases following a meeting of its board of directors. The debt security will be allocated via the company’s Evo fund and allows investors to redeem the bonds at full face value by Sept. 30.

The announcement comes as Bitcoin trades for around $83,797 at the time of writing, down 23.2% from its January historic high of nearly $109,000.

Metaplanet CEO Simon Gerovich also commented on the recent pullback in crypto prices, adding that his firm was "taking advantage" of the downturn.

Earlier in March, Metaplanet added Eric Trump, son of U.S. President Donald Trump, to its newly established advisory board to bolster its mission to become a "global leader in the Bitcoin economy."

The latest debt offering also signals Metaplanet’s intent to double down on a treasury strategy that’s rapidly gaining popularity among public companies, from GameStop’s $1.3 billion convertible note plan to other notable players like Semler Scientific and Bitcoin mining giant MARA holdings.

The strategy was popularized by Michael Saylor’s software firm Strategy (formerly known as MicroStrategy), which has turned bold Bitcoin accumulation into a corporate identity. Strategy is the top corporate Bitcoin holder, with 528,185 BTC in its coffers, worth over $43 billion, or more than 2% of the 21 million Bitcoin supply limit.