Japanese digital-asset holding company Metaplanet has made headlines with a massive financial move, issuing $210 million in zero-coupon bonds to further expand its Bitcoin treasury. The company announced that its board of directors approved the bond issuance, with all subscriptions coming from the Cayman-based Evo Fund. This strategic decision underscores Metaplanet's commitment to becoming a major player in the cryptocurrency space.
The bonds, set to mature on December 12, 2025, are part of Metaplanet's aggressive plan to accumulate Bitcoin. With the proceeds, the company has already purchased an additional 1,112 BTC, bringing its total holdings to a remarkable 10,000 BTC. This milestone aligns with their initial target for 2025, achieved ahead of schedule.
Metaplanet isn't stopping there. The company has set an ambitious new goal to acquire 210,000 BTC by 2027, which would represent roughly 1% of Bitcoin's total supply. This vision, as articulated by the CEO, is 'all Bitcoin,' signaling a firm belief in the cryptocurrency's long-term value.
Often dubbed Japan's 'Bitcoin Strategy,' Metaplanet continues to send a strong signal to the market about the potential of digital assets as a corporate treasury reserve. This latest bond issuance has further solidified its position as one of the wealthiest Bitcoin holders among publicly traded companies worldwide.
The move comes amid growing interest from institutional investors in Bitcoin as a hedge against inflation and economic uncertainty. Metaplanet's consistent debt-funded Bitcoin purchases via zero-interest bonds highlight a unique financial strategy that could inspire other corporations to follow suit.
As the cryptocurrency market watches closely, Metaplanet's journey toward its 2027 target will likely influence broader adoption trends. This bold step reinforces the narrative that Bitcoin is not just a speculative asset but a legitimate store of value for forward-thinking companies.
Andrew Lee
