Metaplanet Doubles Down On Bitcoin With ¥3.6 Billion Bond Raise

Japanese Bitcoin treasury firm Metaplanet is ramping up its crypto accumulation strategy with a fresh ¥3.6 billion ($23 million) bond issuance to buy more Bitcoin.

Metaplanet, a Japanese firm known for its aggressive Bitcoin (BTC) treasury strategy, has issued ¥3.6 billion (approximately $23 million) in bonds. This marks the company’s 12th bond issuance, and the capital raised will support its goal of amassing a larger Bitcoin reserve.

The company has already made significant progress in its BTC accumulation strategy, having recently recently surpassed 5,000 BTC in its treasury. The proceeds from newly issued bonds are expected to bring it closer to its ambitious target of 10,000 BTC by the end of 2025.

The new bond issuance comes on the heels of another significant development aimed at boosting Metaplanet’s BTC holdings. Earlier this year, the company founded Metaplanet Treasury Corp., a subsidiary in Miami, Florida. This new entity will focus exclusively on Bitcoin acquisition, backed by $250 million in operating capital.

Metaplanet’s aggressive strategy reflects a broader trend among Bitcoin-focused firms aiming to front-run anticipated price surges by accumulating at lower levels. Notably, Strategy is continuing its Bitcoin buying spree, most recently acquiring 15,355 BTC for $1.4 billion.