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Metaplanet Raises $50 Million in Zero-Interest Bonds to Buy Bitcoin

The deal extends its EVO Fund–backed debt strategy with repayment due in April 2027.

Metaplanet issues $50 million in bonds to fund fresh Bitcoin accumulation
Metaplanet raises $50m via zero interest bonds to expand its 40,177 btc treasury

Overview

  • Metaplanet, which filed Friday, sold ¥8 billion (about $50 million) in bonds fully subscribed by EVO Fund to fund additional Bitcoin purchases.
  • The unsecured notes pay no interest and mature in April 2027, and the company restricted all proceeds to Bitcoin buys.
  • The bond terms include early-redemption flexibility that lets EVO Fund demand repayment with five business days’ notice and gives Metaplanet an issuer redemption option tied to future financings.
  • The Tokyo-listed firm reports holdings of 40,177 BTC, making it Japan’s largest corporate holder and the third-largest among public companies worldwide.
  • Management is targeting 100,000 BTC by the end of 2026 and 210,000 by the end of 2027 despite a ¥95 billion ($619 million) fiscal-2025 net loss driven by unrealized markdowns on its Bitcoin stack.