Japanese investment firm Metaplanet has raised 2 billion yen ($13.4 million) through a fresh round of zero-interest bond issuance, reinforcing its commitment to Bitcoin accumulation.
A newly released shareholder report confirms that Metaplanet will use the proceeds to acquire more BTC, with Evo Fund as the sole bondholder. The debt carries no interest and is scheduled for full repayment by September 17, 2025.
The firm has been steadily increasing its BTC reserves by capitalizing on market dips. Just last week, it added 162 BTC for $13.5 million at an average price of $83,123 per coin.
With this latest purchase, Metaplanet now holds 3,200 BTC, valued at around $265 million. This positions the company among the top ten publicly traded Bitcoin holders, as per Bitcointreasuries.net.
Metaplanet’s approach echoes the treasury strategies of major firms in the U.S., further cementing its belief in Bitcoin as a long-term store of value.
Spot Bitcoin ETFs recorded a massive influx of over $1 billion in a single day on Thursday, fueled by Bitcoin’s surge to a new all-time high above $118,000.
As Bitcoin breaks above $118,000, fresh macro and on-chain data suggest the rally may still be in its early innings.
Bitcoin’s surge to new all-time highs is playing out differently than previous rallies, according to a July 11 report by crypto research and investment firm Matrixport.
Bitcoin surged past $116,000 on July 11, marking a new all-time high amid intense market momentum.