Metaplanet Issues $50M Zero-Interest Bonds to Expand Bitcoin Treasury Holdings

Metaplanet has announced the issuance of 8 billion yen, equivalent to approximately $50 million, in zero-interest ordinary bonds to finance further Bitcoin acquisitions. The bonds were fully subscribed by EVO Fund, a Cayman Islands-based investment firm that has repeatedly backed the company’s previous funding rounds. This marks Metaplanet’s 20th bond issuance as part of its ongoing accumulation strategy.

Aggressive Bitcoin Accumulation Strategy Continues

Metaplanet has steadily increased its Bitcoin exposure since April 2024. In the first quarter of 2026 alone, the firm purchased 5,075 BTC, bringing its total holdings to 40,177 BTC as of March 31. This positions Metaplanet as the third-largest corporate Bitcoin treasury holder globally.

The company has maintained this strategy despite reporting a $619 million net loss for fiscal year 2025, largely due to unrealized losses linked to Bitcoin price fluctuations rather than operational performance.

Market Context and Bitcoin Price Trend

Bitcoin has recently recovered from geopolitical volatility linked to Middle East tensions. The asset is currently trading around $77,700, reflecting a 10% gain over the past month, though still below its previous peak near $126,000 in October 2025.

Despite short-term volatility, Metaplanet’s continued use of low-cost debt instruments highlights ongoing institutional conviction in Bitcoin as a long-term treasury asset.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.