Japanese firm Metaplanet Inc. has raised $25.9 million (¥4 billion) through the issuance of zero-interest, unsecured bonds, seeking to expand its Bitcoin (BTC) holdings.
The Tokyo-based firm confirmed receiving funds from EVO FUND, the bondholder, which will be primarily used to increase its Bitcoin reserve to 21,000 BTC by 2026 in ‘Asia’s Largest Ever’ raise.
*Metaplanet Completes Raise of 4.0 Billion JPY in 0% Unsecured, Unguaranteed Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/9BIH6fmLqs
Metaplanet said it is adjusting its previous financial plans to ensure that the raised funds go directly into increasing its Bitcoin reserves, to hedge against economic uncertainties in Japan, including high debt and yen depreciation.
“The Company has strategically shifted its financial management approach to adopt Bitcoin as its primary reserve asset,” as per the February 13 announcement.
The bonds are a type of debt instrument where Metaplanet has borrowed money from investors without having to pay interest, with the understanding that they will repay the principal amount later.
In this case, the bonds will be redeemed by August 2025, with the company using the funds to purchase Bitcoin.
Metaplanet’s Bitcoin pivot
Metaplanet made a “strategic pivot” and embarked on its Bitcoin buying spree in April 2024, following in the footsteps of U.S. software firm MicroStrategy (which has since rebranded as Strategy)
As of January, Metaplanet holds 1,761.98 BTC, valued at approximately $186 million (¥27.9 billion), and plans to grow this amount to 10,000 BTC by the end of 2025.
MicroStrategy has big news—and no, it’s not another Bitcoin buy.
Instead, the software giant is changing its name to Strategy. Just… Strategy.
Company co-founder Michael Saylor trumpeted the news on Wednesday, arguing that by removing the prefix ‘Micro,’ the firm will be able to tap into a new era of success.
“Strategy is one of the most powerful and positive words in the human language,” Saylor said in a statement.
MicroStrategy Hit Pause on Its Bitcoin Buying—For Now
The Bitcoin bull then pr...
The company is reallocating funds, reducing its planned Bitcoin purchases from $723 million (¥111.3 billion) to $717 million (¥107.3 billion) through February 2027.
Metaplanet also intends to continue its Bitcoin income generation business, which is projected to run until December 2025.
This move comes after a highly successful year for Metaplanet, which has seen its market capitalization rise by 7,000% since adopting Bitcoin as a central part of its financial strategy.
The firm also reported an impressive 309.82% Bitcoin yield in Q4 of 2024, up 41.7% in the previous quarter.
Metaplanet will soon join the Morgan Stanley Capital International Japan Index (MSCI), effective February 28, 2025, giving the company more exposure to institutional investors worldwide.
The MSCI Japan Index tracks large and mid-cap stocks in Japan, and many funds and ETFs that follow this index will now automatically include Metaplanet, potentially boosting demand for its stock.
📢 Metaplanet Joins the MSCI Japan Index!
We’re excited to share that Metaplanet will be included in the MSCI Japan Index as of the close on February 28, 2025.
What is MSCI? MSCI (Morgan Stanley Capital International) is one of the world’s leading providers of stock market… pic.twitter.com/wt3hk7Ww4p
“This milestone further solidifies Metaplanet’s position as Asia’s leading Bitcoin Treasury Company and expands our reach in global markets,” Simon Gerovich, CEO of Metaplanet, tweeted on Wednesday.
“Our inclusion reflects the significant progress we’ve made in expanding our market presence and executing our Bitcoin strategy,” Gerovich wrote.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
It appears that the Central African Republic President hasn’t given up on the country’s official meme coin.
He hinted Wednesday that the token is set to influence a future law. After the tease, the Central African Republic Meme (CAR) token has jumped 20% to a $15.8 million market cap, according to CoinGecko.
“Some documents don’t just make laws. They make history! $CAR,” President Faustin-Archange Touadéra wrote on X.
This was accompanied by a photo of a white document with the word “decret” at...
Solana-based meme coin launchpad Pump.Fun’s co-founder has pushed back against Coinbase’s Layer 2 network Base’s controversial auto-minted token experiment, making it clear his platform has no plans to follow suit.
“There’s a reality where what Base did is normal in a few years’ time—but it DEFINITELY isn’t today and that has resulted in hurt,” co-founder Alon Cohen tweeted Thursday.
The post was a direct response to the “Base is for everyone” token, which was minted automatically through oncha...
Base, Coinbase's Layer 2 network, posted content that automatically minted as a tradable token through Zora, an onchain social protocol, triggering a trading frenzy before the asset quickly collapsed.
The "Base is for everyone" token originated from Base's official X account. Base said they had "coined it" on Zora at 3:12 PM ET.
Despite a webpage disclaimer on Zora that it is not an official Base token, traders drove its valuation to $13 million before it crashed to just $1 million three hours l...
