Metaplanet Inc. Raises Funds to Accelerate Bitcoin Purchases

Japanese investment firm Metaplanet Inc. has raised 9.5 billion yen ($60.6 million) through two tranches of bond issuance this week to “accelerate bitcoin purchases.”

The Tokyo-listed firm announced that it resolved to issue 5 billion yen ($31.9 million) as a fifth ordinary bond, in addition to the 4.5 billion yen ($28.7 million) bond issuance revealed on Tuesday. Both bonds are interest-free and will mature on June 16, 2025.

CEO Simon Gerovich stated, “These funds will accelerate Bitcoin purchases originally planned for 2025 into the current year,” in a post on X.

Metaplanet has been purchasing Bitcoin aggressively in recent months, following its May decision to adopt Bitcoin as a strategic treasury reserve asset. As of December 18, it holds approximately 1,142.287 BTC, valued at about $110.3 million based on current market prices.

On the Tokyo Stock Exchange, Metaplanet’s stock closed down 4.24% at 3,610 yen on Friday. However, its stock price has soared 2,023% year-to-date. The Nikkei 225 index also edged down 0.2% today.

Additionally, the company’s shares began trading on the U.S. OTCQX market on Thursday, where they closed down 9.96% on their first trading day, according to Google Finance.

In comparison, MicroStrategy remains the largest public corporate Bitcoin holder, owning 439,000 BTC, according to data from BitcoinTreasuries.