{"id":201470,"date":"2026-07-20T20:05:56","date_gmt":"2026-07-20T20:05:56","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=201470"},"modified":"2026-07-20T20:05:56","modified_gmt":"2026-07-20T20:05:56","slug":"metaplanets-bitcoin-japan-announces-plan-to-scoop-up-coins-despite-market-downturn","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=201470","title":{"rendered":"Metaplanet\u2019s Bitcoin Japan Announces Plan to Scoop Up Coins Despite Market Downturn\u00a0"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Metaplanet\u2019s Bitcoin Japan Announces Plan to Scoop Up Coins Despite Market Downturn\u00a0<\/a><\/p>\n

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Bitcoin Japan, a subsidiary of Asia\u2019s answer to Strategy, Metaplanet, has announced it entered into a financing agreement to start buying the leading cryptocurrency for its treasury.\u00a0<\/p>\n

The Tokyo-based, publicly-listed company said Thursday that it had approved a convertible bond deal with EVO Fund to raise 9.66 billion yen ($59.5 million). The deal will see the company spend over 662 million yen \u2014 or over $4 million \u2014 on its first Bitcoin transaction.\u00a0<\/p>\n

Bitcoin Japan works on Bitcoin-related media, data platforms and events to promote the understanding of the leading cryptocurrency in Japan and \u201ccontribute to the development of its ecosystem globally,\u201d according to its website.\u00a0<\/p>\n

Its parent company, Metaplanet, is a publicly-traded company following in the footsteps of Nasdaq-listed Strategy \u2014 formerly MicroStrategy \u2014 by buying and holding Bitcoin on its balance sheet. It first started buying the asset in 2024.\u00a0<\/p>\n

Metaplanet is one of the biggest Bitcoin treasuries in the world, with 43,000 digital coins worth over $2.8 billion in its coffers. Its stock is currently down over 50% year-to-date.\u00a0<\/p>\n

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JUST IN: Japan Public company Bitcoin Japan Corporation has raised $60 million through convertible bonds, allocating $4.08 million to make its first buy for their BTC treasury <\/p>\n

BULLISH pic.twitter.com\/gn7hihxJ68<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) July 17, 2026<\/a>\n<\/p><\/div>\n

Treasury woes\u00a0<\/h2>\n

Bitcoin Japan\u2019s announcement comes as treasury companies see their stock slide. Last year, the business model of buying and holding Bitcoin and other digital assets with spare cash suffered with a plunge in crypto prices.\u00a0<\/p>\n

Strategy, the biggest and oldest Bitcoin treasury, has seen its Nasdaq-listed stock nosedive by nearly 80% over the past year.\u00a0<\/p>\n

Little known publicly traded companies in 2025 rushed to announce they were buying digital assets in a hope to boost their stock prices. The strategy worked but since the market downturn, a number of firms in the space have had to sell a portion of their holdings as the price of Bitcoin has slumped.\u00a0<\/p>\n

But companies are still accumulating during the downturn \u2014 and firms like Bitcoin Japan are seeing the current market price of the leading asset as an opportunity to start a crypto treasury.\u00a0<\/p>\n

Regulatory push\u00a0<\/h2>\n

While Japan has long been a hub for crypto enthusiasts \u2014 former major Bitcoin exchange Mt. Gox was based in Tokyo before a 2014 hack and its subsequent closure \u2014 lawmakers are now working on regulating the asset class.\u00a0<\/p>\n

Japan\u2019s parliament last week passed a law \u200bamendment to designate \u200ccryptocurrency assets as \u201cfinancial assets,\u201d making the assets subject to \u200bstricter regulations, eventually paving the way for products like Bitcoin exchange-traded funds to debut in the Asian nation.\u00a0<\/p>\n

The regulation is likely to come into effect within a year, Reuters reported<\/a>, citing NHK news.\u00a0<\/p>\n

This post Metaplanet\u2019s Bitcoin Japan Announces Plan to Scoop Up Coins Despite Market Downturn\u00a0<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Metaplanet\u2019s Bitcoin Japan Announces Plan to Scoop Up Coins Despite Market Downturn\u00a0 Bitcoin Japan, a subsidiary of Asia\u2019s answer to Strategy, Metaplanet, has announced it entered into a financing agreement to start buying the leading cryptocurrency for its treasury.\u00a0 The Tokyo-based, publicly-listed company said Thursday that it had approved a convertible bond deal […]<\/p>\n","protected":false},"author":0,"featured_media":201471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-201470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/201470"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=201470"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/201470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/201471"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=201470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=201470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=201470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}