Metaplanet, a Tokyo‑listed company often called Japan’s ‘Strategy,’ has just raised $210 million in zero‑interest bonds to add more Bitcoin to its treasury. The board signed off on the 18th series of ordinary bonds on Monday.
Those notes, bought only by the Cayman Islands firm Evo Fund, come with an early‑redemption option and mature on December 12, 2025. According to public filings, every dollar collected will go straight into more BTC.
The bonds sit alongside earlier issues that have funded past coin purchases. With no coupons to pay, Metaplanet can use every cent of the $210 million for crypto.
Investors have piled into Metaplanet stock over the past year, sending shares up more than 4,500%. Yet hedge funds have made it the most‑shorted stock in Japan.
Seamus Rocca, CEO at Xapo Bank, said this week that firms allocating to Bitcoin need to focus on what they can hold for at least five years. He warned against chasing trends or building big bets you can’t stick with when prices wobble.
Companies like Metaplanet and Strategy represent outliers with high conviction in their plans. Patience and a clear framework matter most, he added.
Based on reports, Metaplanet sees an edge in buying now while the currency is soft, aiming for gains over the bonds’ one‑and‑a‑half‑year life.
Overall, Metaplanet’s all‑in Bitcoin bet is drawing plenty of attention. The zero‑interest deal and 8,888‑coin haul show it’s doubling down.
Featured image from VRITIMES, chart from TradingView
