Metaplanet, a Tokyo‑listed firm typically known as Japan’s ‘Technique,’ has simply raised $210 million in zero‑curiosity bonds so as to add extra Bitcoin to its treasury. The board signed off on the 18th sequence of peculiar bonds on Monday.
These notes, purchased solely by the Cayman Islands agency Evo Fund, include an early‑redemption choice and mature on December 12, 2025. In line with public filings, each greenback collected will go straight into extra BTC.
Bond Situation For Bitcoin Purchase
Metaplanet tapped debt markets for the contemporary funds with out taking over any curiosity prices. That transfer reveals robust confidence in Bitcoin’s outlook.
The bonds sit alongside earlier points which have funded previous coin purchases. With no coupons to pay, Metaplanet can use each cent of the $210 million for crypto.
*Metaplanet Points 210 Million USD in 0% Peculiar Bonds to Buy Further $BTC* pic.twitter.com/cglQAFDKUi
— Metaplanet Inc. (@Metaplanet_JP) June 16, 2025
Rising Bitcoin Holdings
Primarily based on reviews from Bitcoin Treasuries, Metaplanet now holds practically 8,890 BTC. This spherical added 1,088 cash at latest market charges. At in the present day’s costs, that stash is nearly $450 million.
The agency’s steadiness sheet is popping right into a crypto playbook. It follows the technique championed by Michael Saylor’s firm, Technique, which first impressed this method.
$210M. 0% curiosity. 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
Market Response And Dangers
Traders have piled into Metaplanet inventory over the previous yr, sending shares up greater than 4,500%. But hedge funds have made it probably the most‑shorted inventory in Japan.
Brief sellers are betting on a Bitcoin fall or a shift in world rates of interest that might change bond markets. If large swings hit BTC costs, Metaplanet might face stress on each its debt and fairness fronts.
Picture: UEEx
Seamus Rocca, CEO at Xapo Financial institution, stated this week that companies allocating to Bitcoin have to give attention to what they’ll maintain for at the very least 5 years. He warned in opposition to chasing developments or constructing large bets you possibly can’t stick to when costs wobble.
Corporations like Metaplanet and Technique characterize outliers with excessive conviction of their plans. Endurance and a transparent framework matter most, he added.
BTCUSD buying and selling at $106,998 on the 24-hour chart: TradingView
Yen Weak point Provides Context
Japan’s forex has slipped in opposition to the greenback this week amid doubts over future Financial institution of Japan coverage. A weaker yen makes greenback‑priced property like Bitcoin much more tempting for native companies.
Primarily based on reviews, Metaplanet sees an edge in shopping for now whereas the forex is gentle, aiming for positive aspects over the bonds’ one‑and‑a‑half‑yr life.
Total, Metaplanet’s all‑in Bitcoin wager is drawing loads of consideration. The zero‑curiosity deal and eight,888‑coin haul present it’s doubling down.
Featured picture from VRITIMES, chart from TradingView

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