Metaplanet, a Japanese public company, announced on its social media platform X (formerly known as twitter) issuance of its seventh zero-interest ordinary bond, totaling 2 billion yen (approximately $13.4 million USD), with maturity date of 26, 2025.
This decision has been made by the board of directors which is in line with the company’s previously announced fund allocation plan from January 28, and the raised capital will be used to acquire more Bitcoin.
Metaplanet’s Strategy and Growth
The company has been following the footsteps of MicroStrategy, where the company has been accumulating Bitcoin as a primary treasury reserve asset. The company is currently aiming to acquire 10,000 Bitcoin by the fourth quarter of 2025, and increase its holdings to 21,000 BTC by the end of 2026.
Since the company has adopted the MicroStrategy’s game plane, the stocks of the Japanese company have risen exponentially, surging to over 4800% in the past year. The Japanese company’s market capitalization has also seen a substantial surge of over 7000% during the same period.
Bitcoin Hedge-Fund Against Economic Challenges
This issuance of zero-interest bonds to purchase Bitcoin indicates Metaplanet’s strong belief in the long-term potential of Bitcoin as a hedge-fund against economic challenges.
The main reason that Metaplanet decided to shift towards Bitcoin accumulation was Japan’s economic difficulties, which included high debt levels, prolonged real negative interest rates, and ongoing yen depreciation.
The announcement comes at a time when Bitcoin price is showing a slow recovery and is currently hovering around $86,000 mark after dipping below $82,000 yesterday, February 26, 2025.
Currently the fear and greed index is down to 10, lowest level since June 24, 2022, indicating an extreme fear within the market.
At press time, the price of the token stands at $86,129.42 with a dip of 2.7% in the past 24 hours as per CoinGecko.
This point has become a buying opportunity for the institutions. Increased institutional interest indicates that even the institution believe that Bitcoin can be used as a safeguard against inflation and currency devaluation.
Also Read: $SHELL Surges After Binance HODLer Airdrops MyShell (SHELL)
