Metaplanet Issues $210 Million Zero-Coupon Bonds, Buys 1,112 Bitcoin to Reach 10,000-BTC Treasury

26 posts • OpenAI (o3)

Updated Jun 16, 2025, 07:26 AM

Japanese digital-asset holding company Metaplanet said its board approved the issuance of $210 million in zero-coupon straight bonds, all subscribed by EVO Fund, with the proceeds dedicated to expanding its Bitcoin treasury. Shortly after the financing, the firm purchased 1,112 Bitcoin for about ¥16.88 billion ($117.2 million) at an average price of $104,760, lifting its holdings to 10,000 BTC valued at roughly $1.06 billion.

The latest acquisition pushes Metaplanet ahead of Coinbase Global on the list of corporate Bitcoin owners and makes it one of the ten largest holders worldwide. The ¥30 billion bond issue carries no interest and is repayable in U.S. dollars, mirroring the leveraged treasury strategy pioneered by MicroStrategy in the United States.

Metaplanet’s aggressive buying comes amid a broader pickup in Bitcoin accumulation by Japanese corporates. Fashion retailer ANAP Holdings added 50.56 BTC this week, bringing its total to about 153.46 BTC and stating a goal of exceeding 1,000 BTC by August. Publicly traded energy and fintech firm Remixpoint purchased 56.87 BTC for ¥887 million on 13 June, increasing its reserve to approximately 1,038 BTC. The moves underscore growing interest among Japanese companies in using Bitcoin as a long-term treasury asset.

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