TLDR
Metaplanet issued ¥2 billion ($13.3 million) in zero-interest bonds to fund Bitcoin purchases
The company has accumulated 3,350 BTC, making it Asia’s largest corporate Bitcoin holder
Despite Bitcoin strategy, Metaplanet stock crashed 9% amid broader Japanese market decline
Japan’s Nikkei fell 4% as markets prepare for Trump’s “Liberation Day” tariffs on April 2
Metaplanet appointed Eric Trump to its advisory board as part of its Bitcoin strategy
Japanese company Metaplanet has issued ¥2 billion ($13.3 million) in zero-interest bonds to fund more Bitcoin purchases. The announcement came on Monday as the firm continues its aggressive strategy to acquire the cryptocurrency.
The bonds will be redeemed at full face value on September 30, 2025. The entire bond issuance has been allocated to EVO FUND according to the company’s filing on March 31.
Metaplanet CEO Simon Gerovich stated that the company is “buying the dip.” This refers to the practice of purchasing an asset when its price falls.
Bitcoin’s price slipped to an intraday low of $81,362 on Monday. This continues a recent losing streak for the cryptocurrency.
The Japanese firm announced its latest purchase of 150 BTC on March 24. This brought its total holdings to 3,350 Bitcoin.
Metaplanet has spent approximately ¥42.22 billion ($270 million) on Bitcoin since formally adopting it as a core asset in 2024. This makes it the largest corporate holder in Asia.
The company has outpaced other Asian Bitcoin holders such as Chinese game developer Boyaa Interactive and mining firm Cango. Its holdings also put it above U.S.-based mining company Semler Scientific.
Metaplanet tracks a metric called “Bitcoin Yield.” This calculates the percentage growth in BTC holdings compared to fully diluted shares.
This metric surged 309.8% in the fourth quarter of 2024. It currently sits at 68.3% for the first quarter of 2025.
Bitcoin Vision Amid Turbulence
Since beginning its Bitcoin accumulation strategy, Metaplanet’s stock price has soared by over 3,000%. This indicates a positive market response to the company’s Bitcoin strategy.
The company aims to hold 10,000 Bitcoin by 2025. By 2026, it plans to increase holdings to 21,000 Bitcoin.
Despite these ambitious plans, Metaplanet’s stock price crashed more than 9% on Monday. This happened even as the company announced its new Bitcoin purchase plan.
The decline occurred as the Japanese stock market fell 4% in early trading hours. Markets are preparing for President Trump’s “Liberation Day” on April 2.
Trump has declared Wednesday as “Liberation Day.” This marks the start of a wave of new tariffs.
The U.S. is set to impose 20%+ tariffs on imports from over 25 countries. These tariffs will target goods valued at more than $1.5 trillion by the end of April.
This uncertainty has pushed the Economic Policy Uncertainty Index to unprecedented levels. Current uncertainty levels are approximately 80% higher than those recorded during the 2008 financial crisis.
On the year-to-date basis, Metaplanet shares are up by only 12.17%. This indicates that the rally has mostly lost momentum.
Shares of Strategy, the American business intelligence firm that inspired Metaplanet’s Bitcoin strategy, are down 3.5% since the start of 2025. This shows that Bitcoin-focused companies are facing headwinds this year.
In addition to issuing bonds and acquiring more Bitcoin, Metaplanet has been growing its leadership team. On March 21, the firm appointed Eric Trump to its newly formed advisory board.
Trump is expected to contribute business expertise to help build “one of the world’s leading Bitcoin Treasury Companies,” according to CEO Simon Gerovich. The new board will include voices committed to promoting Bitcoin adoption and financial innovation.
American video game retailer GameStop recently experienced a setback with its Bitcoin strategy. Its shares collapsed after the company announced a debt-for-BTC offering.
Other companies are also pursuing Bitcoin acquisition strategies. Bitcoin miner Marathon Digital has announced a $2 billion stock sale to fund its Bitcoin purchases.
The current market conditions present challenges for Bitcoin-focused companies. Rising global trade tensions and policy uncertainty are creating headwinds for risk assets.
Gold prices are eying $3,100 levels as investors seek safer assets amid the market turbulence. This contrasts with the selling pressure faced by Bitcoin and Bitcoin-focused companies.
