Metaplanet said it will issue 8 billion yen ($50 million) in zero-interest bonds to expand its bitcoin holdings, it said Friday. statementexpanding its financing strategy that has defined its balance sheet shift towards digital assets.
This issuance represents the company’s 20th series of common notes, which will mature in April 2027. These notes are unsecured and do not bear any interest, allowing the company to access capital without additional debt servicing costs. The proceeds are allocated to additional Bitcoin purchases, with repayment made at face value upon maturity.
The bonds were allocated to EVO FUND, a Cayman-based investor linked to Evolution Financial Group that has backed several of the company’s previous raises. Under the terms, the Fund can request early redemption with five business days’ notice, whereas… Meta Planet It retains the option to redeem part or all of the issue if it completes further financing with the same counterparty.
With current Bitcoin prices near $78,000, the increase could allow Metaplanet to obtain between 640 and 700 BTC. The company owns 40,177 bitcoins, worth about $3.1 billion, making it the largest holder of bitcoin in Japan and the third largest among public companies.
Meta Planet The goal has been set 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. The latest increase comes on the heels of a first quarter in which the company added 5,075 BTC and reported a 2.8% BTC return.
Metaplanet reported a net loss of 95 billion yen for fiscal 2025, driven by unrealized valuation declines related to bitcoin price movements. The average acquisition cost is $104,106 per coin, which is above current market levels.
Buy strategy on a large scale
The strategy mirrors a model seen in the United States, where public companies use capital markets to accumulate bitcoin as a treasury reserve asset. The most famous of this type of companies is: strategy.
Earlier this week, Strategy revealed that it had purchased 34,164 bitcoins for about $2.54 billion, one of its largest purchases ever. The acquisition brought its total holdings to 815,061 BTC, surpassing BlackRock, bringing its cumulative spending to approximately $61.56 billion at an average cost near current market prices.
the buying It was financed through stock sales and the offering of STRC’s preferred stock, which became a major financing instrument.
Despite its expanding position — now more than 3.8% of Bitcoin’s supply — shares fell in pre-market trading as investors weighed the company’s aggressive capital strategy.
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