Japanese Bitcoin Treasury Firm Metaplanet released 2 billion Japanese Yen ($ 13.35 million) to bonds to continue expanding BTC reserves, which marked the latest move to a series of purchases that began in May 2024.
In Feb. 27, Metaplanet announces fresh release of 0% ordinary bond worth 2 billion yen to buyBtc). According to the notice, this is the seventh time the metaplanet released ordinary bonds for making bitcoin purchases.
Source: Metaplant
The metaplanet will release 40 ordinary bonds, each with a face value of 50 million yen. The bonds, with no interest, will be redeemed entirely on August 26, 2025.
According to the company, the proceeds will be allocated to the Evo Fund, the dedicated fund of Bitcoin acquisition of the metaplanet.
Related: Metaplanet, El Salvador Stack Bitcoin as BTC slides 5% to 10 hours
Continuing a Bitcoin Purchase Streak
Since May 13, 2024, the metaplanet has bought Bitcoin on 17 occasions, the largest is a 619.7 BTC acquisition on December 20, 2024.
Metaplanet purchase history. Source: bitcointreasuries.com
The company accumulated 2,235 BTCs, which cost about $ 192.4 million.
While the company was established in 1999, metaplanet stock prices – listed in Tokyo Stock Exchange – has been struggling since 2013.
Metaplanet stock performance for 1 year. Source: Google Finance
Moving the company to the accumulation of Bitcoin has drawn comparisons to the approach (formerly microstrategy), the US software software founded by Michael Saylor who pioneered the investment of Bitcoin treasury.
Bitcoin helps appreciate metaplanet stock prices
Metaplanet’s stock has moved forward since it began capturing Bitcoin, rising from 200 yen to 6,650 yen in early 2025, marking 3,225% increases by less than one year.
However, its shares have since returned and currently trading around 4,000 yen.
During the February Stock Surge, Metaplanet announced plans that Get 10,000 Bitcoin by Q4 2025 It intends to increase its total handling to 21,000 BTC by the end of 2026, which costs $ 2 billion in current market prices.
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