Japan-based Metaplanet took a new step in Bitcoin purchases by strengthening its balance sheet leverage strategy. The company, which is traded on the Tokyo Stock Exchange and stands out as the largest institutional Bitcoin owner in the country, issued interest-free bonds worth 8 billion yen (approximately 50 million dollars).
Investor support and issuance details
In the company’s statement on Friday, it was stated that the entire bond in question was sold to EVO Fund based in the Cayman Islands. EVO Fund had previously been the largest investor in Metaplanet’s bond issuance. With this new step, the company once again demonstrated its determination to expand its Bitcoin portfolio. The number of bond issues Metaplanet has made so far has reached 20. Experts point out that the company’s strategy of accumulating Bitcoin through borrowing may create controversy about sustainability.
Record Bitcoin stock and financial results
Metaplanet, which has been steadily accumulating Bitcoin since April 2024, purchased 5,075 BTC in the first quarter of the year. With this development, the total amount of Bitcoin held by the company increased to 40,177. According to BitcoinTreasuries data, Metaplanet has become the third company holding the most Bitcoin in the world among publicly traded companies.
However, this comprehensive move of the company also caused significant financial pressures. Metaplanet announced that it suffered a net loss of $619 million for the 2025 fiscal year. A significant portion of this loss was caused by the unrealized value losses of Bitcoin assets.
Market fluctuations and Bitcoin prices
A fluctuating course has been observed in the markets lately, with no clear downward direction. The price of Bitcoin reached a historical peak in October 2025, briefly rising above $126,000. However, there was a rapid decline following the geopolitical developments in the Middle East.
The current price of Bitcoin hovers around $77,800. There was a 10 percent increase last month and it is stated that the risk appetite has been rebalanced. CryptoAppsy According to data, it is noteworthy that Bitcoin is currently at $ 77,800.
Metaplanet’s announcement stated, “Our new bond issuance has been fully welcomed by global institutional investors. We will continue our strategy of strengthening our Bitcoin portfolio with determination despite the volatility in market conditions.”
Metaplanet’s aggressive accumulation policy, which attracts attention within the sector, is among the developments followed closely by other corporate actors. It is anticipated that the resources obtained through bonds will be used for new Bitcoin purchases in the coming period.
The company’s leading position in Japan’s Bitcoin market, its financial performance and risk appetite are closely watched by investors and markets. Experts state that this strategy may have significant consequences for both Metaplanet and the cryptocurrency ecosystem in the medium and long term.
