Metaplanet Inc. Continues Its Aggressive Bitcoin Acquisition Strategy with Plans to Raise More Funds

Metaplanet Inc., a Japanese investment firm often called the “MicroStrategy of Japan,” continues its aggressive Bitcoin acquisition strategy with plans to raise more funds

Japanese investment firm Metaplanet Inc. - often dubbed the ‘MicroStrategy of Japan’ for its stated goal to invest in bitcoin - is planning to raise more funds through a bond issuance to buy more of the cryptocurrency.

The Tokyo-listed company said on Monday it will issue a new tranche of zero-coupon bonds for $21.25 million to fund further bitcoin purchases.

The latest fundraising effort comes just days after Metaplanet disclosed an investment of $53.4 million in 555 bitcoin at an average price of $96,134 on May 7.

The company now holds a total of 5,555 bitcoin. These holdings were purchased for approximately $481.5 million at an average price of $86,672 per coin.

With its current bitcoin treasury, Metaplanet stands as Asia’s largest public corporate holder of bitcoin and ranks 11th worldwide among companies accumulating the cryptocurrency on their balance sheets.

The zero-coupon bonds being issued don’t offer any interest to holders and are typically issued at a discount from their normal value, with holders receiving the full value at maturity.

Rapid Stock Growth

Metaplanet’s stock price has been reflecting investor enthusiasm for its bitcoin strategy. Shares have surged more than 1,600% over the past year.

The stock has gained 41% over just the past week and now trades at around 511 Japanese yen ($3.50) per share.

The most recent bond announcement triggered a 12% jump in Metaplanet’s stock price on Friday. The stock is up 33% since the beginning of 2025.

At current bitcoin prices, the new $21.25 million bond issuance could allow Metaplanet to purchase approximately 206 more bitcoin, further expanding its already substantial holdings.

The company began its bitcoin acquisition journey last April and has since engaged in several major purchases to build its crypto treasury.

On May 7, Metaplanet also announced another $25 million zero-coupon bond issuance. These funds will also be allocated toward buying more bitcoin.

Global Expansion Plans

Metaplanet is expanding beyond Japan to accelerate its bitcoin strategy. On May 1, the company unveiled plans to launch a wholly owned US subsidiary.

The new entity, named Metaplanet Treasury, will be based in Florida. Through this subsidiary, the company aims to raise $250 million to continue its bitcoin accumulation plans.

The US expansion will also help Metaplanet tap into American capital markets. Last week, the firm announced the opening of a new office in Miami, showcasing its interest in North American markets.

CEO Simon Gerovich is spearheading the company’s ambitious plan to reach 10,000 bitcoin by 2026. This target would nearly double its current bitcoin holdings.

Metaplanet’s strategy closely resembles that of US-based MicroStrategy (NASDAQ:MSTR), which is credited with pioneering the corporate bitcoin treasury model. MicroStrategy has been using debt to fund its bitcoin purchases for several years.

Other companies are also pursuing similar strategies. Strive Asset Management recently announced its transition into a bitcoin treasury company.

Video game retailer GameStop Corporation (NYSE:GME) completed a convertible debt offering on April 1 that raised $1.5 billion. A portion of these proceeds will be allocated to bitcoin purchases.

The broader bitcoin market is also demonstrating strength. The cryptocurrency is currently trading at levels above $99,000, buoyed by robust institutional interest.

Data from Santiment highlights that bitcoin ETFs have witnessed $5.13 billion in net inflows over the past three weeks. Among these ETFs, BlackRock’s (NYSE:BLK) iShares Bitcoin Trust (NYSE:IBTC) has recorded 16 consecutive days of inflows.