Metaplanet Issues ¥8 Billion in Zero-Interest Bonds to Buy Bitcoin

Overview

• Metaplanet, which announced the zero-interest bond sale on Friday, said the funds will go toward additional Bitcoin purchases.
• The company also outlined a $50 million raise for future buys and a goal of holding 100,000 BTC by the end of 2026.
• Traders kept long-dated odds steady, with the Bitcoin $200,000-by-2026 contract priced at 5% YES on light volume.
• Near-term markets priced Bitcoin staying above $68,000 on April 24 at 99.9% YES, reflecting a wide gap between spot and that threshold.
• The strategy mirrors MicroStrategy’s playbook and could add sizable buying pressure if executed, with timing and structure of the raise still to be detailed.