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Japan’s Metaplanet has raised $10 million via dollar-denominated zero-coupon bonds in a bid to acquire more Bitcoin.
Funding secured from EVO FUND will be used to buy BTC at lower prices using dollars instead of Japanese yen. Doing this, Metaplanet can avoid currency conversion rates.
The news comes as Metaplanet made it known to the web3 industry of their plans to acquire 10,000 Bitcoin, worth $960 million, before the end of 2025. Can they pull it off?
Metaplanet buys more BTC, switches to USD over YEN
Metaplanet is a Japan-based Bitcoin treasury company, leveraging Bitcoin as its core treasury reserve asset. The company uses a range of debt financing strategies to improve shareholder value while acquiring Bitcoin.
Recently, the firm has begun raising funds in United States dollars over yen, in a bid to reduce currency conversion rates charged by large Japanese banking groups.
By doing this, Metaplanet is able to acquire Bitcoin for a lower rate while saving on exchange costs, as elaborated by Metaplanet CEO Simon Gerovich on Twitter/X, translated from its original Japanese:
When raising funds in yen, it is necessary to convert to US dollars to purchase Bitcoin, but Japanese commercial banks have large and unreasonable exchange spreads.
On the other hand, by raising funds in US dollars from the start, this cost can be avoided, and Bitcoin can generally be purchased at lower prices in overseas markets.
Utilizing dollars for future purchases allows Metaplanet to stretch their investments, making their 10,000 BTC goal a lot easier going forward.
How is Metaplanet bringing Bitcoin adoption to Japan?
In recent weeks, Metaplanet has been purchasing Bitcoin at a rapid rate, acquiring an additional 319 Bitcoin on April 14, bringing their total BTC balance to 4,525.
The firm also added 156 and 150 BTC earlier in April during Bitcoin’s drop towards $83,000 as a result of Trump’s trading tariffs against nations around the world.
With Eric Trump serving as Metaplanet’s Strategic Board Advisor, the company aims to drive Bitcoin adoption in Japan, educating Japanese society about decentralization and BTC.
With an exclusive license for Bitcoin Magazine Japan, Metaplanet’s goals of onboarding Japan-based institutions and investors are really only just beginning.
Bitcoin Magazine Japan delivers crypto and Bitcoin news directly to Japanese audiences, becoming the first direct Japanese media company to focus solely on Bitcoin education and journalism. In March 2025, the first physical issue of Bitconi magazine Japan was released.
Unlock the Secrets of Ethical Hacking!
Ready to dive into the world of offensive security? This course gives you the Black Hat hacker’s perspective, teaching you attack techniques to defend against malicious activity. Learn to hack Android and Windows systems, create undetectable malware and ransomware, and even master spoofing techniques. Start your first hack in just one hour!
Enroll now and gain industry-standard knowledge: Enroll Now!
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