- Metaplanet issued $210M in zero-interest bonds to Evo Fund, acquiring 1,088 BTC.
- With 10,00 BTC, Metaplanet now surpasses Coinbase in Bitcoin holdings..
- Metaplanet’s stock soared 4,800% in a year due to its Bitcoin focus.
- The Bitcoin strategy is seen as a hedge against Japan’s weakening yen and high public debt.
Tokyo listed Japanese investment firm Metaplanet has issued $210 million worth of zero interest bonds to Evo Fund, with the aim of acquiring more Bitcoin.
As per the announcement from Metaplanet, the bonds designated as the company’s 18th series of ordinary bonds, are scheduled to mature on December 12, 2025, with the option for early redemption.
According to Metaplanet CEO Simon Gerovich, this issuance is “all Bitcoin”.
Metaplanet’s total Bitcoin holdings now stand at 10,000 BTC, after the latest acquisition of 1,088 BTC.
The newest acquisition aligns with Metaplanet’s long-term commitment to the cryptocurrency amid growing global interest in decentralized assets.
The bond issuance was subscribed by the Cayman Islands based Evo Fund, a strategic investor aligned with Metaplanet’s Bitcoin centric approach.
Earlier in June, Metaplanet announced the purchase of 1,088 Bitcoin (BTC), via the company’s official X profile, increasing total holdings to 8,888 BTC.
Metaplanet’s crypto driven stock surge
Metaplanet’s stock has seen a 4,800% surge over the past year driven by its shift toward Bitcoin accumulation.
However, it has also become Japan’s most shorted stock, according to CEO Gerovich.
Industry voices, including Blockstream CEO Adam Back, have warned of the risk of a global short squeeze. “Really bad timing to be short,” Back posted on X.
The move comes against a backdrop of economic uncertainty in Japan, including a weakening yen and persistently high public debt.
Analysts suggest Metaplanet’s continued Bitcoin investments are a strategic hedge against fiat currency devaluation.
