Metaplanet Raises $13.4 Million in Funding to Buy Bitcoin
The Japanese company Metaplanet, specializing in Bitcoin treasury, continues its aggressive accumulation of digital assets. On February 27, the company announced the issuance of 2 billion yen (approximately $13.35 million) in zero-interest bonds, exclusively for the purpose of financing the purchase of Bitcoin. This marks the seventh fundraising of its kind since the start of its acquisition strategy in May 2024.
The firm will issue 40 regular bonds, each with a nominal value of 50 million yen, with a maturity date set for August 26, 2025. These funds will be allocated to Evo Fund, Metaplanet’s dedicated investment vehicle for purchasing BTC.
An Ongoing Accumulation Despite Market Volatility
Metaplanet distinguishes itself with its systematic approach to Bitcoin accumulation, regardless of market fluctuations. Since May 13, 2024, the company has made 17 Bitcoin purchases, with its largest acquisition taking place on December 20, 2024, with the purchase of 619.7 BTC in a single transaction. To date, its portfolio totals 2,235 BTC, equivalent to approximately $192.4 million at current prices.
This strategy positions Metaplanet among the most aggressive companies in adopting Bitcoin as a reserve asset, a approach reminiscent of Strategy (formerly MicroStrategy), a pioneer in the corporate Bitcoin treasury model led by Michael Saylor.
A Radical Transformation of the Share Price
The impact of this Bitcoin strategy has not been limited to Metaplanet’s financial statements. Its stock, listed on the Tokyo Stock Exchange, has experienced a spectacular surge. Since the start of its BTC accumulation, the company’s share price has risen from 200 yen to a peak of 6,650 yen in early 2025, a 3,225% increase in less than a year. However, after this rapid rise, the stock has stabilized around 4,000 yen.
This share price appreciation reflects growing investor confidence in Metaplanet’s ability to capitalize on Bitcoin as a long-term strategic asset, a development that contrasts with the lackluster performance of the company since 2013.
Colossal Ambitions for 2025 and 2026
Metaplanet does not plan to stop there. During the peak of its stock in February, the company revealed its ambitions: it aims to reach a total of 10,000 BTC by the fourth quarter of 2025 and even targets 21,000 BTC by the end of 2026. If these projections come true, the total value of its Bitcoin holdings could reach $2 billion at current prices.
