Metaplanet, a publicly listed Japanese company, has announced the issuance of ¥3.6 billion (approximately $24.7 million) in ordinary bonds to expand its #Bitcoin ($BTC ) holdings.

The decision aligns with the firm’s strategic roadmap. It aims to accumulate 10,000 Bitcoins by the end of the year.

Metaplanet’s Bitcoin Bet: ¥3.6 Billion in Bonds for #BTCExpansion

The company’s Board of Directors approved the decision on May 2, 2025. The 12th Series of Ordinary Bonds will be issued to EVO FUND, with each bond having a face value of ¥90 million.

The bonds will carry no interest and mature on October 31, 2025, with a redemption amount of ¥100 per ¥100 of face value.

“The proceeds raised through this issuance will be allocated to the purchase of Bitcoin,” the firm noted.

Previously, on March 18, Metaplanet issued ¥2 billion ($13.4 million) bonds for the same purpose. To further strengthen its position in the global Bitcoin economy and drive adoption, Metaplanet also formed a Strategic Board of Advisors the same month. Notably, the Japanese firm appointed Eric Trump as the first member.

Furthermore, the company acquired 319 BTC in mid-April for around $26.3 million. According to the latest data from Bitcoin Treasuries, the firm now ranks 11th globally among corporate Bitcoin holders.

With a total of 5,000 BTC, Metaplanet has reached half of its 2025 target. The current value of its holdings is $484.2 million, with an average cost per BTC of $85,558, reflecting a profit of +13.1%.

Meanwhile, since starting its BTC purchases in 2024, the firm’s stock, 3350.T, has also seen remarkable growth. According to Yahoo Finance, the stock has appreciated 1428.5% over the past year. Its year-to-date performance has been equally impressive, with gains of 22.9%.

Metaplanet Inc. (3350.T) Stock Performance. Source: Yahoo Finance

Metaplanet’s Bitcoin-focused policy mirrors Strategy (formerly MicroStrategy), the largest corporate holder of Bitcoin. BeInCrypto reported that Strategy is also ramping up its Bitcoin plans, allocating $42 billion in equity and $42 billion in fixed income to buy more BTC.

The company is targeting a yield of 25% and aims for a Bitcoin gain of $15 billion by the end of 2025, signaling an aggressive expansion of its Bitcoin holdings.