Here’s why Metaplanet raised $13.6M to buy Bitcoin’s dip

• Metaplanet sought an additional $13M elevate to scoop ‘low cost’ BTC.
• The corporate’s traders have been higher off than MSTR’s counterparts. 

Metaplanet, dubbed as Japanese MicroStrategy, has issued one other convertible bond to raise 2B Yen (about $13.6 million) to seize the hearth low cost Bitcoin[BTC] because the king coin slipped under $80K. 

Reacting to the capital elevate, Dylan LeClair, BTC Technique Officer at Metaplanet, acknowledged that they have been eyeing the current low cost sale. 

“Time to purchase the dip, $BTC.” 

For his half, Simon Gerovich, CEO of Metaplanet, defined that they opted for the bond route as an alternative of promoting shares to protect ‘shareholders’ worth.’

“As an alternative, we leveraged 0% curiosity on bonds to safe capital to proceed accumulating Bitcoin whereas preserving shareholder worth.”

Metaplanet BTC holding cross 2K

Supply: Bitcoin Treasuries 

As of February 2025, the corporate had 2,235 BTC holding (value over $180M), crossing the 2K mark for the primary time this yr. 

Final summer season, the agency adopted the BTC technique, utilizing the Technique (previously MicroStrategy) playbook of utilizing debt and promoting shares to boost capital for BTC buys. Since then, the agency’s share surged to a whopping +1300% by mid-February.

Regardless of the current decline in BTC, Metaplanet’s share was nonetheless up 930% from final summer season. 

In truth, it noticed the smallest plunge relative to MicroStrategy’s MSTR and BTC this yr. On year-to-date (YTD), Metaplanet was down 4.8%, in comparison with MSTR’s -17% and BTC’s -15%. 

Supply: Google Finance 

Nevertheless, on a YoY (year-on-year) foundation, the corporate”s share was up 1,640% relative to BTC’s 28% and MSTR’s 150% good points.

Merely put, BTC traders who sought oblique publicity via Metaplanet have been higher off than their MSTR counterparts.