Metaplanet has stepped up its commitment to Bitcoin by securing $21.25 million through its latest bond offering, the company’s 14th in a series of ongoing capital raises tied to its aggressive crypto strategy.
The zero-interest bonds, approved on May 9 and fully subscribed by EVO FUND, will mature in November 2025. Bondholders are allowed early redemption on short notice, while Metaplanet retains flexibility for partial repayments depending on proceeds from future stock-related offerings.
Consistent with its January roadmap, the firm will allocate the new capital entirely to Bitcoin purchases. The move underscores Metaplanet’s broader plan to integrate digital assets into its core balance sheet operations.
Following a fresh purchase of 555 BTC worth roughly $53.4 million, the Tokyo-listed firm now holds 5,555 Bitcoin — valued at over $480 million — cementing its position as Asia’s top public Bitcoin holder and the ninth largest worldwide.
Metaplanet’s market value has skyrocketed since it embraced the Bitcoin standard last year, with shares climbing more than 2,200%. It has set an ambitious target of accumulating 10,000 BTC by the end of 2025.
To support this strategy, the company also plans to launch Metaplanet Treasury, a U.S.-based arm headquartered in Florida, aiming to raise up to $250 million for further Bitcoin acquisitions and international growth.
Despite the scale of its latest bond issuance, the firm expects limited impact on current financial results but pledged to disclose any material changes as its strategy unfolds.
Michael Saylor, executive chairman of Strategy, has revealed that the company has acquired an additional 21,021 Bitcoin for approximately $2.46 billion, paying an average price of $117,256 per BTC.
As Bitcoin continues to consolidate above $100K, a critical market signal is flashing: BTC funding rates remain elevated, even as price action cools.
Billionaire investor Ray Dalio, founder of Bridgewater Associates, has suggested that a balanced investment portfolio should include up to 15% allocation to gold or Bitcoin, though he remains personally more inclined toward the traditional asset.
With Bitcoin hovering near $119,000, traders are weighing their next move carefully. The question dominating the market now is simple: Buy the dip or wait for a cleaner setup?