Metaplanet Raises $25 Million to Acquire Bitcoin

Metaplanet, led by CEO Simon Gerovich, has issued $25 million in bonds dedicated solely to purchasing Bitcoin. These zero-interest bonds, maturing on November 6, 2025, are a strategic step towards expanding the company’s cryptocurrency portfolio significantly. This move underscores Metaplanet’s commitment to Bitcoin and positions them as a major player with the largest Bitcoin reserve outside North America. Metaplanet aims to reach a target of 10,000 BTC by 2026.