- Metaplanet has issued $13.3 million in zero-interest bonds, aiming to increase its Bitcoin reserves despite market volatility.
- The company now holds $267 million worth of Bitcoin, surpassing other major Asian firms in digital asset accumulation.
- Despite past performance, Metaplanet’s stock is down 8.03% amid broader market downturns and reduced investor enthusiasm.
Japanese public company Metaplanet has issued ¥2 billion, or $13.3 million, in zero-interest bonds to fund its growing Bitcoin investment. The company confirmed that the bonds will be redeemed at full face value on September 30, according to a statement released Monday.
CEO Simon Gerovich noted that the company is “buying the dip” following a decline in Bitcoin’s value earlier in the day. The cryptocurrency dropped to an intraday low of $81,362, continuing its recent downward trend. Despite the dip, Metaplanet remains committed to expanding its digital asset position.
Latest Bitcoin Acquisition Boosts Holdings
On March 24, Metaplanet purchased an additional 150 BTC, strengthening its standing as the leading Bitcoin holder in Asia. This latest acquisition brought its total Bitcoin value to $267 million. The company has now surpassed major Asian firms such as Chinese game developer Boyaa Interactive and mining entity Cango.
Following the announcement, Metaplanet’s shares dropped by 8.03% amid broader market volatility. The Nikkei index also fell by 4%, reaching its lowest point in nearly eight months due to increasing global trade tensions.
Past Performance and Current Position
Metaplanet gained attention in 2024 after becoming Japan’s best-performing public stock, fueled by its aggressive pivot toward Bitcoin. However, the momentum has slowed in 2025, with shares only up 12.17% year-to-date.
Metaplanet’s strategy mirrors that of American firm Strategy, which also built a strong Bitcoin portfolio. However, Strategy’s stock has declined by 3.5% since the beginning of 2025. Additionally, GameStop’s move to convert debt into Bitcoin backfired, causing a sharp decline in its share price.
