Metaplanet Doubles Down on Bitcoin with Bond-Fueled Purchase of 555 BTC

Metaplanet turbocharges its Bitcoin strategy with a bold $53.4M purchase funded by zero-coupon bonds, pushing its holdings to 5,555 BTC and cementing its status as Japan’s top crypto-focused public firm.

Zagham Abbas
May 7, 2025
6:15 pm

Zagham Abbas

Zagham is a renowned crypto journalist known for his insightful analysis and in-depth reporting on the cryptocurrency industry.

Metaplanet acquires 555 BTC using $53.4M from zero-coupon bonds, bringing total holdings to 5,555 BTC.
Capital raised via $25M bond sale to EVO FUND, enabling Bitcoin purchases without interest burden.
Stock surges 11.45% following the announcement, as investors rally behind its aggressive Bitcoin strategy.

Tokyo-based Metaplanet Inc. (TYO:3350) has announced the acquisition of an additional 555 BTC, following a successful $25 million capital raise through the issuance of zero-coupon bonds. This latest purchase brings the company’s total Bitcoin holdings to an impressive 5,555 BTC, further cementing its position as Japan’s leading Bitcoin-focused public company.

The newly acquired Bitcoin, purchased at an average price of $96,134, cost the company approximately $53.4 million. The issuer sourced all the funds for the purchase from zero-coupon bonds. They issued these bonds on May 7. Metaplanet sold these bonds, which mature on November 6, 2025, to institutional investor EVO FUND. The bonds carry no interest payments, a structure that significantly reduces Metaplanet’s capital costs while increasing its exposure to Bitcoin.

Metaplanet has acquired 555 BTC for ~$53.4 million at ~$96,134 per bitcoin and has achieved BTC Yield of 136.7% YTD 2025. As of 5/7/2025, we hold 5555 $BTC acquired for ~$481.5 million at ~$86,672 per bitcoin. pic.twitter.com/XLTiVNyY81
— Simon Gerovich (@gerovich) May 7, 2025

Zero-coupon bonds are financial instruments sold at a discount and redeemed at face value upon maturity. Since they bear no periodic interest payments, they are an efficient tool for raising capital without incurring regular cash outflows. This financing strategy allows Metaplanet to fully allocate the raised capital toward Bitcoin accumulation. So far, this move has yielded impressive returns.

Metaplanet Becomes Japan Bitcoin Stock Leader

Year-to-date, Metaplanet has recorded a BTC yield of 136.7%, showcasing the efficiency of its capital deployment and its keen ability to time market opportunities. As of May 7, the company’s cumulative Bitcoin investment stands at approximately $481.5 million, with an average acquisition cost of $86,672 per BTC. This disciplined approach has grown the company’s digital asset portfolio. It has also attracted increased attention to Metaplanet from both retail and institutional investors.

The announcement sparked immediate interest in the equity markets. Shares of Metaplanet surged 11.45% in early Tokyo trading, closing at ¥485. The stock opened the session at ¥483 and briefly touched an intraday high of ¥502, reflecting investor enthusiasm for the company’s aggressive Bitcoin strategy.

With a market capitalization of ¥24.21 billion and a price-to-earnings ratio of 25.86, Metaplanet is increasingly viewed as a “pure play” on Bitcoin. The company’s innovative financing mechanisms and relentless accumulation of BTC have positioned it at the forefront of the intersection between traditional finance and digital assets.

As Bitcoin continues to gain mainstream acceptance and institutional adoption rises globally, Metaplanet’s strategic moves could provide a blueprint for other publicly listed companies seeking to integrate crypto into their treasury strategies. For now, its bold approach is not only turning heads; it’s delivering returns.