Metaplanet is set to issue ¥8 billion, equivalent to $50 million, through zero-interest bonds to increase its Bitcoin holdings. This issuance marks the 20th series of ordinary bonds for the company. Investors should note that these bonds will mature in 2027, allowing Metaplanet about a year to effectively deploy this capital for Bitcoin investments and subsequently return the principal upon maturity.
Given the current Bitcoin price hovering around $78,000, this investment could potentially secure between 640 and 700 additional Bitcoins for the company's assets. Metaplanet, already Japan’s largest corporate holder of Bitcoin, possesses 40,177 BTC, currently valued at approximately $3.1 billion. It ranks third in Bitcoin holdings among publicly traded firms, following Strategy and Twenty One Capital.
An ambitious goal is set, as Metaplanet aims to expand its Bitcoin holdings to 100,000 BTC by the end of this year and reach 210,000 BTC by 2027. Despite posting a net loss of ¥95 billion, approximately $619 million for the fiscal year 2025 mainly due to unrealized valuation losses, the company remains committed to enhancing its Bitcoin treasury.
In the first quarter of 2026, Metaplanet acquired an additional 5,075 BTC, which is valued at around $405 million, generating a yield of 2.8% on its Bitcoin holdings. The aggressive strategy has resulted in an average acquisition cost of $104,106 per Bitcoin, a figure notably higher than the current market price. Thus, as retail investors consider their strategies, understanding Metaplanet's movements can offer valuable insights into the company's approach and the broader Bitcoin investment landscape.