Metaplanet Secures $50 Million in Zero-Interest Funding for Bitcoin Expansion

Metaplanet has expanded its Bitcoin treasury through the issuance of 8 billion Japanese yen (approximately $50 million) in zero-interest bonds. The funding was provided by EVO FUND, a Cayman-based entity specializing in structured financing for digital asset firms. This latest issuance underscores Metaplanet's commitment to a capital-markets-driven accumulation strategy, mirroring the balance sheet approach popularized by MicroStrategy in the United States. By leveraging debt rather than operating cash flow, the Tokyo-listed firm aims to cement its position as a primary corporate holder of Bitcoin in Asia. The 20th series of ordinary bonds is unsecured and set to mature in April 2027. Under the agreement, the bonds will be redeemed at par, although EVO FUND retains the right to request early redemption with five business days' notice. Metaplanet also maintains the option to redeem the bonds early upon completing future financing rounds with the same investor. The company has been aggressive in its acquisition phase, adding 5,075 BTC during the first quarter to bring its total holdings to approximately 40,177 BTC. This makes Metaplanet the third-largest publicly listed holder of the cryptocurrency. Despite the strategic expansion, the company's share price saw a decline of roughly 3.69% following the announcement. With Bitcoin trading near $77,000, Metaplanet signals its intent to continue accumulation despite market volatility. The company expects the bond sale to have a minimal impact on its consolidated financial results for fiscal 2026.