Metaplanet Issues $210M Bond to Acquire Bitcoin – Coincu

Metaplanet Inc., a Tokyo-based public company, recently issued a $210 million zero-coupon bond to EVO FUND. The bond matures on December 12, 2025.

This move highlights a strategic shift by Metaplanet to bolster its Bitcoin holdings, aligning with its long-term asset diversification plan.

Bullish Market Reacts to Metaplanet’s Bold Bitcoin Strategy

Metaplanet Inc. has issued a $210 million zero-coupon bond to EVO FUND, aligning with its aggressive strategy to accumulate Bitcoin. CEO Simon Gerovich’s vision has been consistently focused on positioning Bitcoin as a key treasury asset. The firm’s vision strengthens its stance as “Asia’s MicroStrategy.” Achieving early redemption is allowed, providing strategic flexibility.

Acquiring Bitcoin with bond proceeds advances Metaplanet’s plan to reach 1% of Bitcoin supply, amounting to 210,000 BTC by 2027. This action showcases a renewed push that could influence other corporate Bitcoin strategies, adding to market volatility.

“We view Bitcoin as a strategic reserve asset and will continue to leverage both equity and debt markets to secure more BTC for our shareholders.” — Simon Gerovich, CEO, Metaplanet

Historical Context, Price Data, and Expert Insights

Did you know? Metaplanet’s move parallels MicroStrategy’s debt-funded Bitcoin buying strategy, marking a significant milestone in Asian firms adopting similar practices for diversified reserve assets.

Bitcoin (BTC), priced at $105,863.69, maintains a market cap of $2.10 trillion with a 63.78% dominance, according to CoinMarketCap. The 24-hour trading volume saw an 8.92% increase. Notably, prices rose by 0.25% over 24 hours and 26.90% over 90 days, fueled by high-profile acquisitions.

Coincu’s research suggests Metaplanet’s bond issuance reflects a broader institutional interest in cryptocurrencies. This trend aligns with regulatory scrutiny allowing corporations to shift treasury strategies towards digital assets. Metaplanet’s Bitcoin investment surges further, reflecting confidence in digital assets as reserve holdings.