Metaplanet Issues $24.8M Zero-Interest Bonds for Bitcoin Buying Spree

Metaplanet, a Japanese investment firm with a focus on Bitcoin accumulation, has issued zero-interest bonds to finance its future Bitcoin purchases. The company currently holds 5,000 BTC, which is halfway to its goal of 10,000 BTC. This move comes after Metaplanet established a U.S. subsidiary in Miami, Florida, to expedite its Bitcoin acquisition strategy.

The firm announced on Friday that it has issued 3.6 billion yen (approximately $24.8 million) in zero-interest ordinary bonds to continue its Bitcoin buying spree. These bonds were fully subscribed by EVO FUND, allowing investors to redeem them at full face value by October 31, 2025. This issuance marks the 12th round of ordinary bonds issued to support the company’s Bitcoin accumulation strategy.

Since April 2024, Metaplanet has accumulated 5,000 BTC through a $745 million (¥116 billion) capital raise, making it one of the top ten corporate Bitcoin holders globally. The capital raise was structured around zero-discount moving strike warrants and is dubbed ‘Asia’s largest-ever.’

The latest zero-coupon bond issuance is part of Metaplanet’s broader plan to accumulate 21,000 BTC by 2026, aligning with its mission to promote Bitcoin adoption across Japan. Metaplanet is often compared to Michael Saylor’s MicroStrategy, which currently holds 553,555 BTC, making it the largest corporate holder of the top cryptocurrency. Both firms have rebranded themselves as Bitcoin treasuries, offering traditional investors exposure to Bitcoin through their publicly traded shares.

In March, Metaplanet appointed Eric Trump, son of the U.S. president, to its newly formed Strategic Advisory Board, citing his business expertise and passion for Bitcoin. More recently, the company announced the establishment of a new wholly-owned U.S. subsidiary, Metaplanet Treasury Corp, to expand its access to U.S. institutional investors and support 24-hour operations across time zones. The new firm will launch with initial capital of $10 million and aims to raise up to $250 million to grow its Bitcoin reserve strategy.

Metaplanet’s aggressive Bitcoin accumulation strategy and its recent expansion into the U.S. market indicate a strong commitment to becoming a major player in the global Bitcoin landscape. The company’s issuance of zero-interest bonds and its strategic appointments suggest a well-planned approach to achieving its ambitious goals. As Metaplanet continues to accumulate Bitcoin, it is likely to attract more attention from both traditional investors and the cryptocurrency community.