- Metaplanet issued $21 million in zero-interest bonds a day after raising $50 million, continuing its aggressive Bitcoin accumulation strategy.
- With 7,800 BTC now held, the firm has raised over $135 million this year and launched a U.S. subsidiary to expand its crypto-focused operations.
Japanese investment firm Metaplanet is making bold moves in the digital asset space, issuing $21 million in zero-interest bonds just one day after announcing a $50 million fundraise—both aimed squarely at accelerating Bitcoin accumulation.
The bonds, issued on May 29 to Cayman Islands-based Evo Fund, mark the 17th series in Metaplanet’s expanding debt strategy. Each bond carries a nominal value of $525,000 and matures on November 28, 2025. In a unique twist, the bonds offer no interest and aren’t considered traditional debt instruments. This structure enables Metaplanet to borrow without facing the burden of interest payments or collateral requirements—features made possible under Japanese financial law.
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Evo Fund holds the option to redeem the bonds early with just five days’ notice, provided redemptions are in increments of $500,000. Metaplanet, meanwhile, retains the ability to trigger redemptions tied to future fundraising rounds involving the same investor.
This bond issuance follows a series of capital raises by Metaplanet, totaling $135.2 million in 2024 alone. The company has consistently leveraged debt markets to fund its aggressive Bitcoin buying spree—$29.9 million in February, $13.3 million in March, and $25 million earlier in May.
With its latest Bitcoin purchases, Metaplanet now holds roughly 7,800 BTC, according to BitcoinTreasuries.net. That positions the company as the 11th-largest corporate holder of Bitcoin, with its stash valued at approximately $840 million. The average purchase price? A hefty $91,340 per BTC—underscoring the company’s long-term bullish stance.
The momentum doesn’t stop in Japan. Metaplanet recently launched a U.S. subsidiary, Metaplanet Treasury, based in Florida. The goal: raise $250 million and tap deeper into American capital markets. Notably, Eric Trump, son of former President Donald Trump, joined the firm’s Strategic Advisory Board in March, bringing further attention to its evolving crypto strategy.
As institutional interest in Bitcoin ramps up—with GameStop revealing its own 4,710 BTC purchase—Metaplanet’s aggressive debt-financed approach could mark a defining strategy in the corporate crypto race.
