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Bitcoin treasury bonds approach the 100 billion dollar mark with Japanese Metaplanet's plans to invest 880 million dollars.
Bitcoin holdings owned by companies not engaged in mining exceed 840,000 Bitcoin valued at $93 billion.
Metaplanet, a company listed in Japan, announced plans to issue new shares with the aim of raising $881 million to finance additional Bitcoin purchases.
Metaplanet is the fifth largest holder of Bitcoin, with a value of $2.1 billion and an average cost basis of $102,712.
Metaplanet, one of the largest companies holding Bitcoin (BTC), plans to raise additional funding to purchase Bitcoin for its steadily growing treasury. The company announced in a press release on Wednesday that the purchase is expected to take place between September and October.

Metaplanet plans to raise $880 million through an international stock offering.
The Board of Directors of Metaplanet has decided to issue new shares through an international offering. The company will issue shares with a total value estimated at approximately 881 million US dollars. Of this amount, approximately 837 million US dollars will be allocated to support its digital asset treasury. The remaining amount, approximately 44 million US dollars, will be used to support Metaplanet's financial operations in the field of Bitcoin.

According to the press release, the international offering will be carried out in a manner that ensures the total number of shares issued remains less than the total number of shares authorized for the company.

Metaplanet cited the harsh macroeconomic conditions prevailing in Japan, including high levels of national debt, prolonged negative real interest rates, and the depreciation of the Japanese yen, as factors driving its Bitcoin treasury strategy.

This decision was made to hedge against the risks of assets resulting from the decline in the value of the yen, and to take advantage of the potential increase in the value of Bitcoin in the long term. By raising capital, the company intends to increase its holdings of Bitcoin in the future, and believes that it can insulate its treasury from the decline of the yen, eliminate inflation risks, and achieve a sustainable improvement in the company's value, according to what Metaplanet stated in its press release.

As of August 25, Metaplanet owns 18,991 Bitcoins, valued at approximately $2.1 billion. It is the fifth largest Bitcoin holder, after BLSH (, which owns about 24,000 Bitcoins valued at approximately $2.6 billion.

Strategy )MSTR( manages the largest Bitcoin treasury, with 632,457 BTC valued at $69.98 billion, followed by XXI )CEP( with 43,500 BTC valued at approximately $4.8 billion, and Bitcoin Standard Treasury Company )BSTR( with 30,021 BTC valued at around $3.32 billion.

Attached is a chart of Bitcoin treasury bond holdings.

Overall, non-Bitcoin mining companies hold just under 841,000 Bitcoins, worth $93 billion. According to SoSoValue, 33 active Bitcoin bond companies operate.

Attached is a picture of Bitcoin holdings by non-mining companies.

The bullish case for Bitcoin )BTC( has primarily been supported by institutional interest and demand dating back to the launch of exchange-traded funds )ETFs( in the United States in January 2024 and prior to Michael Saylor's strategy.

Since the launch of financial products that allow investors to directly seek exposure to the price of Bitcoin through exchanges like Nasdaq, companies' interest in digital assets has significantly increased.

The uncertainty of the macroeconomic environment, the weakening of sovereign currencies, and the rising national debt are some of the reasons driving companies to use Bitcoin, which is seen as digital gold - a way to hedge against inflation and other macroeconomic uncertainties.