Metaplanet Issues $15M in Bonds for More BTC: Price to Accelerate?

Key Insights:

• The firm just raised $15M via 0% bonds to buy more BTC, as BTC price looks at upside.
• Metaplanet now holds more Bitcoin than El Salvador.
• The firm’s bullish strategy mirrors MicroStrategy’s long-term Bitcoin holder.

Metaplanet “Japan’s MicroStrategy,” has intensified its Bitcoin (BTC) strategy by issuing $15 million in 0% bonds for the express purpose of acquiring additional BTC. This move brings Metaplanet’s total Bitcoin holdings to 6,796 BTC, valued at approximately $700 million at current market prices.

0% Bonds Signal Strong Market Trust

The structure of the issuance of ordinary bonds for $15 million by Metaplanet with a 0% bond rate also distinguishes it from other financial operations.

Unlike the traditional bonds, the 0% bonds do not pay any interest. That means that investors are lending money to the company without any quick returns. This form of financing implies that the investors are bullish on Metaplanet’s long–term plans on Bitcoin and expect the underlying asset to increase in value.

Metaplanet is ensuring its confidence in Bitcoin as a means of value storage by adopting to buy more BTC with the proceeds from its new bond issue. This approach is similar to the strategy of MicroStrategy, which has turned out to be one of the largest corporate owners of Bitcoin.

Using zero-interest debt, Metaplanet can increase BTC exposure without having to dilute shareholder equity or take on interest-bearing liabilities, as a capital-efficient way to grow its holdings.

On May 12, 2025, Metaplanet bought another 1,241 BTC at average price of around $102,119 per coin. This latest purchase increased its position of overall Bitcoin portfolio to 6,796 BTC, acquired at an average cost of 89,492$, which amounts to approximately $608.2 million in investments. Year-to-date, the company has so far have achieved 170% yield on its BTC position.

MicroStrategy and The Blockchain Group Also Expand BTC Treasuries

Metaplanet’s accumulation strategy is quite aggressive, consistent with the other institutional shifts in the crypto market. MicroStrategy has reported that it currently holds 568,840 BTC after its recent purchase of 13,390 BTC for 1.34 B.

At the same time, The Blockchain Group, which is listed on Euronext Growth Paris, raised €12.1 million by selling convertible bonds in order to supplement its Bitcoin treasury. It was spearheaded by Adam Back and was designed to dilute BTC for every fully diluted share over time. The bonds can be converted into equity as long as some price targets are reached, offering exposed upside value for the long term.

Nevertheless, not all observers of the market think about this practice positively. Peter Schiff, an economist and advocate of gold, has raised criticism against BTC after he noticed aggressive moves by MicroStrategy to acquire BTC despite the warning that such moves may be harmful. He argued that if Bitcoin’s price declines after these high-cost buys, unrealized paper losses could become “huge real losses”, especially considering any leverage involved.

Aggressive upside is being forecasted for BTC Price by Market Participants

A survey of Bitcoin price predictions for 2025 by the major financial institutions and investors reveals bullish sentiments. BlackRock made the highest target at $700,000, based on a thesis that a 2 – 5% collective portfolio allocation could see a significant increase in demand. Some other projections include $250,000 by Fundstrat Tom Lee, $225,000 by H.C. Wainwright, and $500,000 by venture capitalist Chamath Palihapitiya.

The recurrent trends in these forecasts are institutional adoption, macroeconomic hedging, and a decrease in the supply of BTC because of corporate holding. As Metaplanet and others sink BTC out of the market while using long-term treasury strategies, the market might run short in future bull runs.

BTC Price Patterns are Similar to the Past Bull Market Patterns

Market analyst el_crypto_prof said that Bitcoin’s current architecture is a replica of the 2017 cycle, where a breakout above the previous high led to a hard backtest and extended rally. Another backtest happened in 2025, and BTC re-took the $69,000 area and confirmed it as a new support.

If history repeats, Bitcoin could enter a new phase of price discovery, aligning with Metaplanet’s recent aggressive accumulation and broader institutional interest.

The post Metaplanet Issues $15M in Bonds for More BTC: Price to Accelerate? appeared first on The Coin Republic.