How Metaplanet is jumping on the Bitcoin bandwagon and why the market reactions are causing a stir
Metaplanet Issues New Bonds
Japanese public company Metaplanet has issued 2 billion yen ($13.3 million) in interest-free bonds, according to an announcement on Monday. These funds are earmarked for future Bitcoin purchases. The bonds will be redeemed at full par on September 30th.
Current Bitcoin Market and Corporate Strategy
CEO Simon Gerovich noted that the company is currently “buying the dip.” Today, the price of Bitcoin fell to an intraday low of $81,362, continuing its losing streak. According to U.Today, Metaplanet announced its latest purchase of 150 BTC on March 24 and has since cemented its status as Asia’s largest Bitcoin holder, overtaking Chinese companies Boyaa Interactive and Cango.
Market Performance and Share Prices
Despite the positive news, Metaplanet shares fell 8.03%. The Nikkei index in Japan plunged 4%, reaching its lowest level in nearly eight months, amid escalating global trade tensions. Metaplanet was famously Japan’s best-performing stock in 2024, outperforming numerous other listed companies thanks to its focus on Bitcoin. However, its shares have only gained a modest 12.17% year to date, suggesting that the uptrend has lost momentum.
Additionally, shares of Strategy, the American management consulting firm that inspired Metaplanet’s strategy, have fallen 3.5% since the beginning of 2025. Meanwhile, GameStop, an American video game retailer, has had a negative impact on Bitcoin, as the company’s shares plummeted following the announcement of a debt offering against BTC.
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