Metaplanet CEO Simon Gerovich said: “$210 million, zero interest, all in Bitcoin.”
Today, Monday, June 16, Metaplanet issued new zero-coin bonds worth $210 million to acquire Bitcoin. Metaplanet's aggressive Bitcoin acquisition policy has earned it the nickname " Japan's Strategy."
The bonds mature on December 12, 2025, with an early redemption option. The announcement came after the board of directors decided to issue the eighteenth series of ordinary bonds to Evo Fund ; in a post published on X, Metaplanet stated:
“The funds raised will be used to purchase Bitcoin.”
According to data from the Bitcoin Treasuries website , after the latest addition of 1,088 Bitcoin Metaplanet holds a total of 8,888 BTC.
The bonds are underwritten exclusively by the investment company Evo Fund , based in the Cayman Islands.
Metaplanet CEO Simon Gerovich posted about the recent X bond issuance, noting: “$210 million. Zero interest. All in Bitcoin .”
Bitcoin Accumulation Rush: Caution Beats Excitement
Metaplanet, a Tokyo Stock Exchange-listed company inspired by the Bitcoin journey of Michael Saylor-led Strategy, has now become the most shorted stock by hedge funds in Japan. As previously reported, Metaplanet shares have risen more than 4,800% in the past year after switching to a Bitcoin investment strategy.
Xapo Bank CEO Seamus Rocca recently shared his thoughts on the rise of corporate allocations to Bitcoin. In an email to Cryptonews , Rocca said:
“The increase in corporate treasury allocations to Bitcoin is significant, however, one should not try to follow trends or build excessive positions. It is about allocating what a company can afford to hold over a five- to ten-year time horizon, without being forced to sell in the event of volatility.”
Furthermore, he added that:
“Companies like Strategy and Metaplanet represent exceptional cases of high conviction, with bold strategies aligned with their unique business plans. In this industry, patience and discipline can be underrated virtues, our view has always been, and remains, that Bitcoin deserves serious consideration, but with a disciplined, long-term framework: focus on the asset itself, avoid speculative trading, and size positions responsibly.”
Company adjusts strategy in light of yen depreciation
Metaplanet ’s recent announcement to issue $210 million in 0% straight bonds comes at a time when Japan is facing economic challenges characterized by high debt levels and a depreciating yen. As a result, the strategy underscores Metaplanet’s commitment to harnessing Bitcoin ’s potential for long-term appreciation.
The Japanese yen started the week lower. However, anticipation that the Bank of Japan may push for tighter monetary conditions, combined with trade-related uncertainties, is providing some support to the safe-haven Japanese yen.
Even a new token is betting on Bitcoin's rally
The BTC Bull (BTCBULL) project has also bet on the long-term appreciation of Bitcoin , having structured its roadmap precisely on the achievement of certain price milestones by the main cryptocurrency.
The platform's commitment has been taken seriously especially by retail investors, as it offers the possibility of indirect exposure to Bitcoin, through Bitcoin airdrops intended for all holders of BTCBULL tokens .
As evidence of this, the BTC Bull presale has already raised more than $7.1 million in funding, and it continues to grow at a rapid pace.
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