Metaplanet, a Japanese company, is reinforcing its commitment to Bitcoin by raising $50 million through zero-interest bonds to purchase more of the cryptocurrency. The company issued 8 billion Japanese yen (approximately $50 million) in bonds to EVO FUND, with the funds specifically earmarked for expanding its Bitcoin reserves. This move highlights Metaplanet's aggressive strategy to become a major player in the Bitcoin market.
The zero-interest bonds, which mature in April 2027, provide Metaplanet with a cost-effective way to increase its Bitcoin holdings. As of March 31, 2026, Metaplanet held 40,177 BTC. The company aims to increase its holdings to 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027.
Metaplanet's strategy mirrors that of MicroStrategy, a U. S. company known for holding large amounts of Bitcoin. By using debt and equity financing to accumulate Bitcoin, Metaplanet is betting on the long-term value of the cryptocurrency. The company's average acquisition cost per Bitcoin is between $97,000 and $104,000.
The recent bond issuance marks Metaplanet's 20th series of ordinary bonds, demonstrating its consistent approach to building its Bitcoin treasury. Despite reporting a net loss of ¥95 billion for fiscal year 2025 due to unrealized valuation declines tied to Bitcoin price movements, Metaplanet remains committed to its Bitcoin-focused strategy. The company's stock price was down around 3.69% following the announcement.
