Japanese investment firm Metaplanet Inc. has made significant moves in the Bitcoin market. It issued one-year ordinary bonds worth 1.75 billion yen ($11.3 million) to fuel further Bitcoin purchases. These bonds, approved by the company's board of directors, carry an annual interest rate of 0.36% and are set to mature on Nov. 17, 2025. Metaplanet's CEO, Simon Gerovich, confirmed this on X, stating, "More bitcoin purchases incoming." This decision follows the firm's May decision to adopt Bitcoin as a strategic treasury reserve asset. Currently, the company holds 1,018.17 BTC, valued at approximately $93.5 million, positioning it as one of the largest Bitcoin holders among Asian corporations.

Capital Injections and Stock Performance

Last month, Metaplanet raised 10 billion yen ($66 million) through a stock acquisition rights exercise. This capital injection comes as the Tokyo-listed company continues its aggressive push into Bitcoin investments. The company's stock closed up 0.81% at 1,994 yen on Monday, showing a staggering 1,146% year-to-date increase according to Google Finance. This indicates the growing confidence and success of Metaplanet's Bitcoin-related activities.

Comparison with Other Major Bitcoin Holders

While Metaplanet continues its Bitcoin buying spree, MicroStrategy remains the largest corporate Bitcoin holder globally, with 279,420 BTC. Marathon Digital follows closely with 27,562 BTC. Metaplanet's position among these major players showcases its significant presence in the Bitcoin market and its ambition to expand its holdings.

Partnership with SBI VC Trade

Metaplanet recently partnered with SBI VC Trade, the crypto arm of SBI Group, to access compliant corporate custody services. This partnership is crucial as it supports Metaplanet's Bitcoin accumulation strategy by engaging with key stakeholders in Japan. Access to a compliant corporate custody service is a critical component, prioritizing tax efficiency and considering using Bitcoin as collateral for financing. This allows Metaplanet to navigate the regulatory landscape while maximizing the benefits of its Bitcoin holdings.

Selling Bitcoin Put Options

Metaplanet began selling bitcoin put options, generating premiums to finance further BTC purchases. On October 3, the company sold 223 contracts, earning a premium of 23.972 BTC (around $1.44 million). A put option gives the holder the right, but not the obligation, to sell the underlying asset at a specified price. This strategy helps Metaplanet raise funds while maintaining its position in the Bitcoin market and continuing its growth trajectory.