Metaplanet ramps up Bitcoin accumulation with another $21.25M bond sale, aiming to strengthen its position as Asia’s top BTC holder.
The firm’s Bitcoin holdings hit 5,555 BTC after recent buys, pushing its global ranking to 11th and reflecting growing investor confidence.
Metaplanet’s U.S. expansion via a Florida-based subsidiary targets $250M to fuel further Bitcoin acquisitions and global capital access.
Japanese investment firm Metaplanet is doubling down on its Bitcoin strategy with another round of zero-coupon bond issuance. The Tokyo-listed company announced plans on May 9 to raise $21.25 million. All proceeds will go toward purchasing more Bitcoin. This move comes just two days after the firm disclosed a $53.4 million Bitcoin acquisition. At current prices, the new funds could add 206 BTC to its treasury.
The firm confirmed the bond issue through “0% Ordinary Bonds,” which carry no interest but are sold at a discount. Additionally, Metaplanet approved a 14th Stock Acquisition Rights offering to EVO Fund, based in the Cayman Islands. The redemption date for this issuance is set for November 7. These aggressive moves reinforce Metaplanet’s ambition to build a dominant crypto treasury.
Bitcoin Holdings Surge
On May 7, Metaplanet revealed its latest BTC buy — 555 Bitcoin for $53.4 million. That purchase brought its total holdings to 5,555 BTC. The average price per coin across all purchases now stands at $86,672. Its total Bitcoin stash is worth around $481.5 million. Significantly, this makes Metaplanet Asia’s largest public corporate holder of Bitcoin. Globally, it now ranks 11th, according to BitcoinTreasuries.NET.
Moreover, Metaplanet’s stock (3350T) reflects investor enthusiasm. The stock has jumped over 1,600% in the past year. It currently trades at 511 yen or about $3.50, based on Google Finance data.
U.S. Expansion and Strategic Outlook
Besides its bond strategy, Metaplanet is expanding globally. On May 1, the firm announced a new U.S. entity, Metaplanet Treasury. Based in Florida, the subsidiary aims to raise $250 million. The goal is to scale its Bitcoin strategy and access U.S. capital markets.
Consequently, Metaplanet joins a growing list of Bitcoin-focused public firms. On May 7, Strive Asset Management said it would become a Bitcoin treasury company. Similarly, GameStop raised $1.5 billion in April, with plans to allocate part to Bitcoin. Metaplanet’s bold moves mirror the blueprint set by Michael Saylor’s Strategy. However, its pace and scale now set a new benchmark in Asia.
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