Metaplanet, popular as Japan's MicroStrategy, announces $25M Bitcoin purchase

Through its EVO FUND, the company has been periodically issuing bonds by drawing a leaf from Michael Saylor's Bitcoin playbook.

Japanese firm Metaplanet, popular as Japan’s MicroStrategy, announced its decision to issue its 13th Series of Ordinary Bonds, and raise a total of $25 million for fresh Bitcoin purchases.

Through its EVO FUND, the company has been periodically issuing bonds by drawing a leaf from Michael Saylor’s Bitcoin playbook. The announcement led to a quick 12% surge in the stock price during today’s trading session, moving closer to 500 JPY.

Metaplanet Prepares For Massive Bitcoin Purchases

Via its ordinary bonds, the Japanese firm disclosed that it will be issuing 0% interest bearing bonds for a period of one year and three months, with the aim of raising $25 million for the purchase of Bitcoin. The redemption of the bonds will be funded through the proceeds generated from the exercise of the 15th to 17th Series of Stock Acquisition Rights, added the firm.

Furthermore, company CEO Simon Gerovich announced the company’s latest Bitcoin acquisition, revealing the purchase of 555 BTC for approximately $53.4 million at an average price of $96,134 per coin.

This addition brings the firm’s total Bitcoin holdings to 5,555 BTC, acquired at a cumulative cost of around $481.5 million, averaging $86,672 per Bitcoin. Since the beginning of 2025, Metaplanet has been on an aggressive BTC acquisition spree, moving fast and close to its target of having 10,000 BTC in treasury by the end of 2026.

Additionally, the firm is quick in its overseas expansion, opening a Miami office last week. Today’s announcement of Bitcoin purchases has led to a 12% surge in the Metaplanet stock price, which is already up by 33% since the beginning of 2025.

BTC Eyes $100K Breakout

BTC price is showing strength, moving above $96,000 as the US and China agree to resume trade talks on Tuesday.

Amid mixed news and regulatory uncertainty, robust ETF inflows and sustained institutional buying continue to provide strong support for Bitcoin.

As per data from Santiment, over the past three weeks, Bitcoin ETF inflows have shot to $5.13 million as traders brace for the upcoming FOMC meeting.

The BlackRock Bitcoin ETF (IBIT) has been leading these inflows with 16 consecutive days of inflows. Speaking on the development, ETF Store president Nate Geraci said:

“I remember when naysayers didn’t think spot bitcoin ETFs would take in $5bil *total* last yr. As in *all* spot bitcoin ETFs. IBIT alone has done this in a few weeks more than a yr after launch”.

BTC investors are currently waiting for a crucial breakout from the $100K resistance, where it can kickstart a potential rally to fresh all-time highs very soon.