Metaplanet Continues Bitcoin Accumulation Amid Market Volatility

The Japanese company Metaplanet is aggressively pursuing its strategy of adopting bitcoin as a cash reserve. This new fundraising marks its second major operation in two months, consolidating its position as the largest Bitcoin treasury in Japan.

A new bond issuance to buy more Bitcoin

Metaplanet, Japan’s largest Bitcoin treasury company, has just announced the issuance of a zero-coupon bond worth two billion yen (13.3 million dollars).

This decision, revealed on Monday by the company listed on the Tokyo Stock Exchange, aims exclusively to finance new bitcoin purchases. Simon Gerovich, CEO of Metaplanet, confirmed on X that the company was “buying the dip,” thus taking advantage of recent fluctuations in the crypto market.

This issuance comes shortly after a larger fundraising completed last month, where Metaplanet had already obtained 25.9 million dollars (4 billion yen) through the issuance of unsecured zero-rate bonds.

These funds, provided by EVO FUND, will mainly serve to achieve the company’s ambitious goal: to accumulate a reserve of 21,000 bitcoins by 2026, in what is described as the largest fundraising ever conducted in Asia in this sector.

Metaplanet currently holds around 3,200 BTC, valued at over 268 million dollars at the current price of approximately 83,825 dollars per bitcoin. The company officially announced on February 13 that it had “strategically modified its financial management approach to adopt bitcoin as its primary reserve asset“.

A strategy inspired by Michael Saylor in a volatile market

Metaplanet’s strategy is clearly inspired by that of Strategy (formerly MicroStrategy), led by Michael Saylor, which has moved away from its original core business in software to become the largest Bitcoin treasury in the world.

Strategy now holds 528,185 BTC, valued at over 44 billion dollars, a strategy that has propelled its stock price up by over 2,281% since it began its purchases.

This approach is gaining popularity even as the crypto market goes through a turbulent period. Recently, Michael Saylor defied bearish trends by acquiring 22,000 BTC additional for 1.9 billion dollars, while the price of bitcoin fluctuated below 85,000 dollars.

Strategy now holds about 2.5% of the total bitcoin supply, with an average purchase price of 67,458 dollars and latent capital gains of 7.7 billion dollars.

Despite market uncertainties, especially related to the trade war of Donald Trump and inflation fears, Metaplanet remains convinced that bitcoin represents a leading strategic asset.

However, the company’s stock showed a decrease of 8% on Monday, although it has risen by over 51% over the past month.

By transforming its treasury to make bitcoin its main asset, Metaplanet positions itself as the undisputed pioneer in the Asian market. The current turbulence is just a springboard to new heights. Saylor and Gerovich share this conviction: it is in bear markets that the fortunes of tomorrow are forged.