Tokyo-listed Metaplanet is ramping up its Bitcoin (BTC) acquisitions with plans to issue one-year bonds to fund additional purchases, mirroring a strategy pioneered by U.S.-based MicroStrategy.
The company announced on Monday via X (formerly Twitter) that it will issue 1.75 billion yen ($11.3 million) in ordinary bonds with an annual interest rate of 0.36%. The funds raised will be fully allocated to increasing its Bitcoin holdings.
Strategic Move Amid Market Dynamics
Metaplanet entered the Bitcoin market in April 2024, viewing the cryptocurrency as a hedge against Japan’s national debt and the yen’s volatility. Since then, the company has amassed 1,018 BTC, valued at approximately $92.33 million, according to Bitcoin Treasuries.
The firm has also employed options strategies to further grow its cryptocurrency reserves, positioning itself as a significant corporate holder of Bitcoin in the region.
Following MicroStrategy’s Lead
Metaplanet’s approach mirrors that of MicroStrategy, a U.S.-based business intelligence firm that has become a prominent Bitcoin advocate. MicroStrategy has frequently used debt instruments to fund its cryptocurrency acquisitions, solidifying its status as the largest corporate holder of Bitcoin.
Looking Ahead
As Bitcoin continues to gain traction as a store of value and institutional asset, Metaplanet’s strategic expansion underscores growing corporate interest in the cryptocurrency. With Japan’s unique economic pressures, the move could signal broader adoption among Japanese companies seeking alternative reserves.
Metaplanet’s latest purchase plans come as Bitcoin’s price remains strong amid increasing institutional and retail interest, further highlighting the asset’s role in global financial strategies.
