Metaplanet, a company based in Tokyo and frequently referred to as Japan’s “Strategy,” has recently secured $210 million by issuing zero-interest bonds. This move aims to increase their holdings of Bitcoin. The board approved the 18th series of regular bonds on Monday.
The notes, exclusively purchased by the Cayman Islands-based Evo Fund, include an early redemption feature and are set to expire on December 12, 2025. As per the public records, all proceeds received from these notes will be directly invested in Bitcoin.
Bond Issue For Bitcoin Buy
On Metaplanet’s part, they accessed new funds through the debt market, free of interest charges, demonstrating a high level of faith in the future of Bitcoin.
The bonds are located next to previous investments that financed prior cryptocurrency acquisitions. Since these bonds do not require any interest payments, Metaplanet can allocate all $210 million towards cryptocurrency.
*Metaplanet Issues 210 Million USD in 0% Ordinary Bonds to Purchase Additional $BTC*
— Metaplanet Inc. (@Metaplanet_JP) June 16, 2025
Rising Bitcoin Holdings
According to Bitcoin Treasury reports, Metaplanet has acquired approximately 8,890 Bitcoins. This latest purchase adds 1,088 coins, valued at current market rates. At today’s prices, this hoard is nearly $450 million.
The company’s financial structure is increasingly resembling a blueprint for cryptocurrency operations, mirroring the strategy initially pioneered by Michael Saylor’s firm, MicroStrategy. This strategy served as the inspiration for adopting such an approach.
$210M. 0% interest. All Bitcoin.
2億1,000万ドル。金利0%。すべてビットコイン。— Simon Gerovich (@gerovich) June 16, 2025
Market Reaction And Risks
Over the last year, investors have heavily invested in Metaplanet’s stock, causing its share price to soar over 45 times (4,500% increase). However, hedge funds have taken a contrary stance and have short-sold Metaplanet more than any other stock in Japan.
Investors who specialize in short selling are wagering on either a drop in the value of Bitcoin or an alteration in worldwide interest rates that might impact bond markets. In the event of significant price fluctuations with Bitcoin, Metaplanet may experience strain in both its debt and stock sectors.
This week, Seamus Rocca, the CEO of Xapo Bank, emphasized that companies investing in Bitcoin should concentrate on assets they can hold for a minimum of five years. He advised against following fleeting trends or constructing large bets that might become difficult to maintain when prices fluctuate.
Companies such as Metaplanet and Strategy are notable for their strong commitment to their strategies. What’s crucial, he emphasized, is maintaining patience and having a well-defined plan of action.
Yen Weakness Adds Context
This week, Japan’s currency, the yen, has weakened relative to the U.S. dollar, as there is uncertainty about the Bank of Japan’s future monetary policies. With a weaker yen, Japanese companies find dollar-valued assets such as Bitcoin more appealing because their purchasing power increases.
According to recent reports, Metaplanet considers it advantageous to purchase now when the currency is weak, with the goal of earning profits throughout the bond’s 1.5-year lifespan.
Essentially, Metaplanet’s full-commitment Bitcoin investment strategy has garnered significant interest. The no-interest offer and acquisition of 8,888 coins demonstrate a strategic doubling down on their Bitcoin holdings.
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2025-06-16 18:21