Metaplanet issued $24.7 million (3.6 billion yen) in zero-interest bonds to purchase more bitcoin
A new Miami-based subsidiary will launch to enhance bitcoin acquisition capabilities
Japanese investment firm Metaplanet has intensified its Bitcoin acquisition strategy by issuing 3.6 billion yen ($24.7 million) in zero-interest bonds. This marks its twelfth such issuance aimed at expanding its cryptocurrency holdings.
Since implementing its Bitcoin-focused approach in April 2024, the Tokyo-based company has accumulated 5,000 BTC valued at approximately $484 million. This positions it among the top ten corporate Bitcoin holders globally alongside industry giants.
Investors in the newly issued bonds can redeem them at full face value by October 31, 2025, through the company’s EVO FUND allocation system. The firm has now reached the halfway point of its ambitious target to hold 10,000 BTC by year-end.
Miami Subsidiary to Boost Bitcoin Treasury Operations
Metaplanet made a strategic business decision to create a wholly-owned U.S. subsidiary in Miami, Florida, for market expansion in the cryptocurrency sector. The upcoming launch of Metaplanet Treasury Corp. will happen this month with an initial funding of $10 million. The new entity, Metaplanet Treasury Corp., will function as a subsidiary of the parent company to boost Bitcoin treasury operations through fundraising up to $250 million.
The company decided to establish its operations in Florida because the state has developed into a primary centre for bitcoin-focused businesses. The Miami subsidiary of Metaplanet will strengthen institutional liquidity access while building efficient bitcoin acquisition methods, according to the company.
The market has responded positively to these developments, with Metaplanet’s stock on the Tokyo exchange rising 10.4% to 435 Japanese yen during Friday’s trading. CEO Simon Gerovich also reported on X that the company’s U.S. OTC Market-listed stock MTPLF has seen record-breaking trading volumes for four consecutive days.
Adding that Metaplanet’s unrealized gains on Bitcoin now exceed 6 billion yen, more than four times the company’s market capitalization before adopting what Gerovich called “the Bitcoin standard.”