Metaplanet, a Japanese company often compared to MicroStrategy, has issued 2 billion Japanese yen ($13.3 million) in zero-interest bonds to bolster its Bitcoin holdings. The move was revealed in a March 31 filing, stating that the bonds were allocated through its Evo Fund. Investors can redeem the securities at full face value by September 30.
Metaplanet’s CEO, Simon Gerovich, confirmed on X (formerly Twitter) that the firm is capitalizing on Bitcoin’s recent downturn. At the time of the announcement, Bitcoin was trading at approximately $82,000—down 25% from its all-time high of over $109,000.
押し目買い！
— Simon Gerovich (@gerovich) March 31, 2025
Buying the dip! https://t.co/nOIQrAveap
Asia’s Leading Corporate Bitcoin Holder
With its aggressive Bitcoin strategy, Metaplanet is now the top corporate Bitcoin holder in Asia and the tenth-largest globally, according to BitcoinTreasuries data. The firm currently holds around 3,200 BTC, valued at approximately $1.23 billion.
The Japanese company’s approach closely mirrors that of Strategy (formerly MicroStrategy), the U.S.-based market intelligence firm that pivoted to Bitcoin accumulation. While Strategy remains the largest corporate Bitcoin holder with over 500,000 BTC (worth nearly $82 billion), Metaplanet is steadily increasing its holdings, aiming to accumulate 21,000 BTC by 2026.
Metaplanet’s Recent Acquisitions and Potential U.S. Listing
Earlier this month, the company added 150 BTC to its reserves. In early March, its stock surged 19% in a single day after a $44 million Bitcoin purchase. The company has also been exploring a potential U.S. listing, acquiring another 156 BTC.
On the possibility of a global listing, Gerovich stated, “We are considering the best way to make Metaplanet shares more accessible to investors around the world.”
