Japan’s Metaplanet made headlines on Monday with the announcement of a new issuance of $210 million in zero-interest bonds aimed at acquiring additional Bitcoin.
This decision, approved by the company’s board of directors, marks the launch of the 18th series of ordinary bonds targeted at the Evo Fund. These bonds are scheduled to mature on December 12, 2025, with a provision for early redemption.
According to the announcement, the proceeds from this bond issuance will be directed toward the purchase of Bitcoin.
*Metaplanet Issues 210 Million USD in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/cglQAFDKUi
— Metaplanet Inc. (@Metaplanet_JP) June 16, 2025
Following this new issuance, Metaplanet’s reserves now total 8,888 BTC, which includes the recent acquisition of 1,088 additional Bitcoins, according to data from Bitcoin Treasuries.
The bonds are being exclusively subscribed to by the Evo Fund, an investment firm based in the Cayman Islands.
Simon Gerovich, CEO of Metaplanet, took to X to promote the bond issuance, proclaiming, “All Bitcoin.”
$210M. 0% interest. All Bitcoin.
2億1,000万ドル。金利0%。すべてビットコイン。 https://t.co/CYiwmq8zDW
— Simon Gerovich (@gerovich) June 16, 2025
The Bitcoin Accumulation Race: Caution Beats Hype
Metaplanet, which has taken inspiration from Michael Saylor’s Bitcoin strategy, has recently become the most shorted stock in Japan, according to hedge funds. Reports indicate that the company’s stock has skyrocketed over 4,800% in the past year after its shift towards a Bitcoin-focused investment strategy.
Metaplanet is now Japan’s most shorted stock, says CEO as Bitcoin bulls warn of a global short squeeze. “Really bad timing to be short,” says Blockstream’s Adam Back. #Bitcoin #Metaplanet https://t.co/aWGJO2iQGi
— Finance Newso.com (@Finance Newso) May 21, 2025
Seamus Rocca, CEO of Xapo Bank, recently shared insights on the growing trend of corporate Bitcoin allocations. In a statement to Finance Newso, he noted that the uptick in corporate treasury investments in Bitcoin is “significant,” but cautioned against merely following trends or creating overly large positions.
“It’s about allocating what a business can afford to hold over a five-to-ten-year horizon, without being forced to sell into volatility,” Rocca emphasized.
He also mentioned that companies like Metaplanet represent bold, high-conviction players in this space, aligning their strategies with their specific business models.
“In this space, patience and discipline can be underrated virtues,” Rocca explained. “Our view has been, and remains, that Bitcoin deserves serious consideration—but with a disciplined, long-term framework: focus on the asset itself, avoid speculative trading, and size positions responsibly.”
Company Adapts Strategy Amid Yen Depreciation
The issuance of $210 million in 0% ordinary bonds coincides with economic challenges in Japan, marked by elevated debt levels and a depreciating yen. This strategy highlights Metaplanet’s commitment to harness Bitcoin’s potential for sustainable long-term growth.
The Japanese yen began the week on a subdued note, but expectations that the Bank of Japan may consider tighter monetary policies, along with various trade uncertainties, have provided some support for the currency.
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