Metaplanet Issues $15 Million in Bonds to Accelerate Bitcoin Acquisitions

Japanese firm Metaplanet has announced the issuance of $15 million in ordinary bonds, with the funds earmarked for acquiring Bitcoin (BTC). This strategic move underscores the company’s commitment to bolstering its Bitcoin holdings despite recent price volatility, including BTC’s latest dip from its multi-month high of $105,000.

A Strategic Push Toward 10,000 Bitcoin

According to the official disclosure, the bonds carry a 0% interest rate and are set to mature on November 12. Each bond is valued at $375,000, and if the full $15 million is raised, Metaplanet could acquire approximately 147 BTC at current prices.

Metaplanet acquired 1,241 Bitcoin yesterday for $126.7M, raising its total holdings to 6,796 BTC. The company aims to hold 10,000 Bitcoins by the end of 2025. This goal reflects its long-term belief in Bitcoin’s value.

According to data from River:

Businesses are the largest net buyer of bitcoin so far this year, lead by @Strategy which makes up 77% of the growth. pic.twitter.com/Bbj89gyk2h

— River (@River) May 12, 2025

This strategy aligns with a broader trend in 2025: the shift in Bitcoin ownership from individual investors to institutions and governments. Companies like Strategy (formerly known as MicroStrategy) are leading this charge, further solidifying Bitcoin’s role in institutional portfolios.

Strategy’s Dominance in Institutional Bitcoin Adoption

On May 12, Strategy disclosed that it had acquired 13,390 BTC for $1.34B, purchasing the coins at an average price of $99,856 per coin. This addition increased Strategy’s total Bitcoin holdings to 568,840 BTC, acquired at an average cost of $69,287 per coin.

Strategy’s aggressive accumulation strategy highlights the growing institutional appetite for Bitcoin. However, not everyone views this trend as sustainable. Economist and Bitcoin critic Peter Schiff expressed concerns about the risks associated with leveraging Bitcoin acquisitions.

“Your next buy will likely push your average cost above $70,000,” Schiff wrote on X.

You next buy will likely push your average cost above $70,000. The next leg down in Bitcoin will likely push the market price below your average cost. Not good considering how much you borrowed to buy the Bitcoin. When you sell, small paper losses will become huge real losses.

— Peter Schiff (@PeterSchiff) May 12, 2025

He warned that if Bitcoin’s price falls below the average purchase price, companies relying on borrowed funds could face significant challenges. Forced selling to repay debt would turn theoretical losses into real ones, amplifying the risks of leveraging Bitcoin in a volatile market.

Risks and Rewards of Institutional Bitcoin Accumulation

Metaplanet’s decision to issue bonds for Bitcoin acquisitions reflects the growing belief in Bitcoin’s long-term value proposition. However, the risks highlighted by critics like Peter Schiff cannot be ignored. Leveraging debt to purchase Bitcoin exposes companies to significant downside risk if the market turns bearish.

For now, Metaplanet’s move signals confidence in Bitcoin’s resilience and its role as a hedge against inflation and economic uncertainty. By targeting 10,000 BTC, the company positions itself as a key player in the institutional adoption of Bitcoin.

Broader Implications for the Crypto Market

The increasing participation of institutions like Metaplanet and Strategy marks a turning point in Bitcoin’s evolution. As businesses outpace governments and ETFs in Bitcoin accumulation, the cryptocurrency’s status as a mainstream asset class continues to solidify.

However, the market remains volatile, and caution is warranted. Companies must carefully balance their acquisition strategies to avoid over-leveraging and ensure long-term sustainability.

Final Thoughts

Metaplanet’s $15 million bonds issuance to accelerate Bitcoin acquisitions underscores the growing institutional interest in cryptocurrencies. While the move aligns with broader trends of corporate Bitcoin accumulation, it also highlights the potential risks of leveraging in a volatile market.

Bitcoin’s future hinges on market sentiment, macroeconomic factors, and companies managing digital asset risks. Metaplanet’s Bitcoin bet highlights optimism amid financial evolution. Institutional interest continues to shape the crypto landscape.