These 18th-series bonds, maturing in December 2025, are designated exclusively for additional Bitcoin purchases.
Investor sentiment appears to be strongly aligned with Metaplanet’s strategy.
The company stock has increased by almost 10,000% since it adopted the Bitcoin standard, pushing its market capitalization to surpass ¥1 trillion ($6.9 billion).
According to the firm, Metaplanet’s market net asset value (mNAV) stands at 7.23x, effectively pricing each BTC in its reserves at $759,000, over seven times the spot rate.
Matrixport attributes this premium to speculative demand, limited share float, and future expectations of Bitcoin’s value tied to Metaplanet’s growing holdings.
