- Metaplanet issues $21.25M in zero-interest bonds to grow Bitcoin reserves, with all proceeds going directly toward BTC purchases.
- The firm launches a U.S. subsidiary to raise $250M and expand its Bitcoin treasury, signaling a long-term global crypto strategy.
- BlackRock’s $4.4B Bitcoin acquisition helped send BTC above $100K, as institutional buying continues to reshape the market.
Japanese investment firm Metaplanet Inc. has issued $21.25 million in zero-interest bonds to expand its Bitcoin reserves. The move follows a $53.4 million BTC purchase earlier this week, pushing the firm’s total holdings to 5,555 BTC.
Bitcoin-Backed Bond Strategy
The 14th Series of Ordinary Bonds was approved by Metaplanet’s board on May 9, with a fixed value of $21.25 million. Each bond carries a face value of $625,000 and bears no interest, with redemption due by November 7. According to a post by Metaplanet, “all funds raised will be allocated to the purchase of Bitcoin.”
The entire issuance was subscribed by EVO FUND, and no public offering was made. The bonds are unsecured, with no collateral or trustee involvement, and will not be electronically managed via clearing systems. The company emphasized that principal and redemption payments will be handled internally at its Tokyo headquarters.
Structural Shift in Corporate Reserves
The firm also announced the formation of Metaplanet Treasury, a Florida-based subsidiary focused on U.S. capital market access. It intends to raise $250 million to expand its Bitcoin strategy and international footprint. According to data from Google Finance, Metaplanet’s stock (3350T) has surged 1,662% in the past year, climbing from under ¥30 to ¥511 as of May 9.
Metaplanet now holds $481.5 million worth of BTC, acquired at an average price of $86,672 per coin. These figures make it Asia’s largest public Bitcoin holder and the 11th largest globally. Growing adoption trends continue to influence asset flows, especially among firms seeking alternatives to fiat reserves.
Institutions Drive Bitcoin to New Highs
BlackRock just added 47,064 BTC to its holdings at $4.44 billion when Bitcoin was at around $95,000. The accumulation triggered a price rally, and Bitcoin busted through the $100,000 mark, trading at $100,409. Lookonchain noted the timing of BlackRock’s entry and the price rally.
The Bitcoin market cap now stands at nearly $2 trillion, with only 1.14 million BTC remaining before the 21 million cap is reached. Simultaneously, other market indicators suggest a different trend, as more companies like GameStop and Strive Asset Management pivot toward Bitcoin holdings. These actions mark a broader shift in institutional risk strategy, turning Bitcoin into a treasury cornerstone.
