Key Takeaways
- Metaplanet is accelerating its goal of holding 10,000 BTC by 2026.
- The Tokyo-based firm has raised $135.2 million so far in 2025 to fund its Bitcoin purchases.
- Metaplanet’s Strategy-inspired approach is gaining traction, as GameStop announced its first Bitcoin purchase.
Japanese investment firm Metaplanet, often called the “MicroStrategy of Japan,” has issued $21 million in zero-interest bonds to further its Bitcoin acquisition strategy.
The issuance comes just one day after the company announced a separate $50 million bond raise, reinforcing its commitment to amassing 10,000 Bitcoin by 2026.
Metaplanet Bitcoin Accumulation
On Thursday, May 29, Metaplanet confirmed it was issuing its 17th series of ordinary bonds to venture capital firm EVO FUND.
The $21 million raised follows the record-setting $50 million bond sale from the previous day.
As with its previous bond offerings, the proceeds will be used to purchase additional Bitcoin.
The bonds can be redeemed in full or in multiples of $525,000, as per the terms and conditions.
No bond administrator has been appointed and there is no guarantee attached to the bonds, which is permitted under Japanese law.
According to data from Bitcoin Treasuries, the Tokyo-based firm currently holds 7,800 BTC, valued at approximately $847.8 million at current market prices.
U.S. Market Expansion
Earlier in May, Metaplanet announced the establishment of a wholly owned subsidiary in Florida, named Metaplanet Treasury Corp.
The new U.S. arm plans to scale operations up to $250 million in capital.
Metaplanet CEO Simon Gerovich, a key advocate of the firm’s Bitcoin-focused strategy, explained that the U.S. expansion will provide round-the-clock operational coverage and improved access to institutional liquidity.
“With planned capital of up to $250 million, this move will accelerate our Bitcoin treasury strategy and serve as a crucial step in expanding access to liquidity for institutional investors in one of the world’s leading capital markets,” Gerovich stated on X.
In a separate announcement, Metaplanet said that Florida was chosen due to its status as a key location for Bitcoin innovation.
The firm labelled Florida a “a rapidly emerging hub for Bitcoin focused companies and financial innovation, recognized for its business-friendly policies and rising status as a global center of capital and technology.”
$135.2 Million Raised
So far in 2025, Metaplanet has raised $135.2 million through debt markets as it works toward its 10,000 BTC goal.
The company secured $25.9 million in February, $13.3 million in March, and $25 million earlier in May.
In March, Metaplanet acquired 696 BTC using funds raised through premium debt contracts. It followed up with another 145 BTC purchase for $13.6 million just before the end of April.
The firm’s aggressive Bitcoin acquisition strategy, modeled after Michael Saylor’s approach with MicroStrategy, is gaining traction among major corporations.
On Wednesday, May 28, U.S.-based video game retailer GameStop announced its first Bitcoin investment, acquiring 4,710 BTC.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
