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Japanese investment company Metaplanet announced the issuance of 8 billion yen (~$50 million) bonds to finance new BTC purchases.
What's known:
โ The entire bond issue was purchased by EVO Fund (Cayman Islands)
โ This is the company's 20th bond issue
โ The funds will be used exclusively to increase its Bitcoin position
Meanwhile, the company ended its 2025 fiscal year with a net loss. The main reason for this is paper losses due to BTC overvaluation amid market volatility, not operational activity.
Metaplanet Strategy:
โ The company has been actively accumulating Bitcoin since April 2024
โ Views BTC as a key reserve asset
โ Uses debt financing to increase exposure
โ Bets on long-term growth of the crypto market
Risks:
โ High dependence on Bitcoin price
โ Debt pressure during market declines
โ Volatility in financial statements due to asset revaluation
In essence, Metaplanet is following the MicroStrategy model, transforming from a classic investment company into a public BTC holding company.
Interestingly, institutional interest in Bitcoin continues to grow despite short-term declines.
โ The entire bond issue was purchased by EVO Fund (Cayman Islands)
โ This is the company's 20th bond issue
โ The funds will be used exclusively to increase its Bitcoin position
Meanwhile, the company ended its 2025 fiscal year with a net loss. The main reason for this is paper losses due to BTC overvaluation amid market volatility, not operational activity.
Metaplanet Strategy:
โ The company has been actively accumulating Bitcoin since April 2024
โ Views BTC as a key reserve asset
โ Uses debt financing to increase exposure
โ Bets on long-term growth of the crypto market
โ High dependence on Bitcoin price
โ Debt pressure during market declines
โ Volatility in financial statements due to asset revaluation
Interestingly, institutional interest in Bitcoin continues to grow despite short-term declines.




