$BTC

In a recent good news for Bitcoin, Metaplanet Inc. has announced the issuance of its 10th series of ordinary bonds worth 2 billion Japanese yen (approximately $13.3 million) to fund additional Bitcoin purchases.

According to a notice dated March 31, 2025, the company’s board of directors approved the bond issuance to EVO FUND. The company also mentioned the purpose of allocating the proceeds to buy more Bitcoin.

This move continues Metaplanet’s aggressive Bitcoin acquisition strategy, which has already seen the company accumulate 3,350 BTC with an aggregate cost basis of 42.215 billion yen (approximately $281 million) as of March 24, 2025.

The company’s CEO Simon Gerovich suggested the timing was strategic with a simple tweet stating, “Buying The Dip.”

Metaplanet has shown a consistent pattern of Bitcoin acquisition over the past nine months. Its holdings have grown from 161.268 BTC on July 1, 2024, to 3,350 BTC by March 24, 2025.

The purchase history reveals a dollar-cost averaging approach as regular acquisitions are happening approximately weekly. The company’s average purchase price has fluctuated between 9,304,655 yen and 12,619,066 yen (approximately $62,000 to $84,000).

A considerable jump in Metaplanet’s acquisition pace can be seen in late October 2024. This was when the company’s holdings crossed the 1,000 BTC threshold. Since that milestone, the company has added over 2,300 additional BTC in just five months.

The company’s purchase table shows that between March 3 and March 24, 2025, Metaplanet added nearly 1,000 BTC to its holdings.