- Japanese firm Metaplanet raised $21 million through zero-interest bonds to accelerate its Bitcoin accumulation, aiming for 10,000 BTC by 2025.
- Currently holding about 7,800 BTC, it has surpassed El Salvador and earned the nickname “Asia’s MicroStrategy” for its aggressive Bitcoin strategy.
Japanese investment firm Metaplanet is making waves in the Bitcoin world, taking a bold stride to massively expand its Bitcoin holdings by raising capital through a $21 million zero-interest bond issuance. With its sights set on accumulating 10,000 BTC by the end of 2025, Metaplanet is rapidly cementing itself as one of the largest corporate Bitcoin holders—and drawing comparisons to Michael Saylor’s MicroStrategy for its aggressive accumulation strategy.
On May 29, Metaplanet announced it had issued zero-interest bonds to EVO FUND, a Cayman Islands-based investment entity, effectively securing capital without the burden of interest payments. The bonds, functioning like short-term loans, are repayable by November 28, 2025, giving Metaplanet the liquidity to continue buying Bitcoin on the open market while minimizing financing costs.
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EVO FUND retains the right to early redemption with five business days’ notice, and Metaplanet may also redeem bonds based on future fundraising milestones, demonstrating a flexible and strategic capital management approach. Notably, these bonds carry no collateral or guarantees, and all payment management will be handled through Metaplanet’s Tokyo office in accordance with Japanese corporate regulations.
Currently holding approximately 7,800 BTC, Metaplanet ranks 11th globally among corporate Bitcoin holders, with its stash valued at nearly $840 million at an average acquisition price of around $91,340 per BTC. This impressive accumulation has recently propelled the firm past El Salvador, whose Bitcoin holdings are valued at about $642 million. What makes Metaplanet’s growth striking is its relatively recent entry into the Bitcoin market—starting only last year—yet rapidly scaling to surpass a nation-state’s BTC treasury.
Often dubbed “Asia’s MicroStrategy,” Metaplanet’s approach mirrors Michael Saylor’s strategy of strategic, long-term Bitcoin accumulation to leverage digital assets as a core corporate treasury asset. As the firm marches toward its ambitious 10,000 BTC target, it’s clear that Metaplanet is setting a new benchmark for corporate Bitcoin adoption in Asia and beyond.
With these developments, Metaplanet’s Bitcoin journey is one to watch closely, signaling a shift in how traditional investment firms in Japan and the wider region view and utilize cryptocurrency as a key financial asset.
