Japanese firm Metaplanet announces a $15 million bond issuance, with proceeds aimed at expanding its Bitcoin (BTC) holdings.
The decision indicates that it intends to intensify its accumulation strategy, despite the recent price decline of BTC from its multi-month peak of $105,000.
Metaplanet’s $15 million investment in Bitcoin
Per the official disclosure, the bonds are scheduled to mature on November 12 with an interest rate of 0%. They have a market value of $375,000. Metaplanet’s most recent bond issuance is intended to increase its holdings in anticipation of reaching its goal of 10,000 Bitcoins by the end of 2025.
The firm can potentially acquire approximately 147 BTC at current prices if it raises the full $15 million. This transaction is a continuation of its procurement of 1,241 Bitcoin yesterday, which was valued at $126.7 million. As a result, its total holdings now stand at 6,796 BTC.
This strategy is consistent with a more general trend in 2025: a transition in Bitcoin ownership from individual investors to institutions and governments. Businesses are currently the primary purchasers of Bitcoin, surpassing governments and exchange-traded funds (ETFs), as indicated by River’s data.
“Businesses are the largest net buyer of bitcoin so far this year, lead by Strategy which makes up 77% of the growth,” the post read.
This trend is still led by Strategy, which was previously known as MicroStrategy. On May 12, the organization disclosed that it had acquired 13,390 Bitcoin (BTC) for $1.34 billion. The coins were acquired at an average price of $99,856 each.
This addition resulted in a total of 568,840 BTC in Strategy’s Bitcoin holdings, which were acquired at an average cost of $69,287 per coin.
Nevertheless, not all individuals consider this strategy to be sustainable. On X, economist and Bitcoin critic Peter Schiff warned about the potential consequences.
“You next buy will likely push your average cost above $70,000,” Schiff wrote.
He emphasized that the price of Bitcoin could decline below Strategy’s average purchase price for their coins if it falls again. A price decline could be problematic, as Strategy borrowed money to finance these acquisitions.
The losses would become “real” rather than theoretical if they were compelled to liquidate their holdings to repay debt. This increases the risk of leveraging Bitcoin, particularly during market volatility.
This warning is issued after the most recent decline in Bitcoin (BTC). Upon the US and China’s agreement to a 90-day tariff deal on May 12, the price surged to its highest level since January 31.
However, Bitcoin experienced a decline following its apex at $105,705. At publication, it was trading at $101,725 after losing 3.7% of its gains. Although this is the case, analysts are still sanguine that the current rally has the potential to expand and could carry BTC to new all-time highs.
