Japanese company Metaplanet has announced plans to issue zero-coupon bonds worth 116 billion yen (~$745M) to purchase Bitcoin.

Zero-coupon bonds are sold at a discount and do not pay interest. Investors buy them at a lower price, and the company redeems them at full value upon maturity.

According to Metaplanet, this will be the largest Bitcoin purchase in Asian stock market history. At current prices, the company expects to acquire 7,233 BTC, significantly expanding its existing portfolio.

As of early January 2025, Metaplanet held 1,762 BTC. This new investment will bring the company closer to its goal of accumulating 10,000 BTC.

By the end of 2026, Metaplanet aims to purchase an additional 11,000 BTC, reaching a total of 21,000 BTC.

“Since adopting this strategy on April 8, 2024, Metaplanet has experienced exponential growth,” said Simon Gerovich, CEO of Metaplanet.
“The market recognizes us as the leading Bitcoin company in Tokyo. We are using this momentum to establish ourselves as a global leader. Our vision is to lead Bitcoin’s revival in Japan and become one of the largest corporate holders of the cryptocurrency. This plan solidifies our commitment to that future.”

The company reported a 309.82% return on its Bitcoin investments in Q4 2024. Since implementing its new corporate strategy, Metaplanet’s market capitalization has surged by 7,000%, according to Gerovich.

The firm is effectively replicating MicroStrategy’s approach, as the US-based company remains the largest corporate Bitcoin holder in the world.