Metaplanet Issues $21M in Zero-Interest Bonds to Boost Bitcoin Holdings After $50M Raise

Japanese investment firm Metaplanet has announced the issuance of $21 million in zero-interest bonds to Cayman Islands-based Evo Fund — just one day after revealing a separate $50 million fundraising round. This move further accelerates the company’s aggressive Bitcoin accumulation strategy as it races toward a goal of holding 10,000 BTC by the end of 2025.

Details of the Bond Issuance

The 17th series of bonds, issued on May 29, carries a face value of $525,000 per bond and matures on November 28, 2025. Uniquely, these are zero-interest bonds, meaning Metaplanet can borrow capital without incurring additional repayment costs from interest.

Key terms allow Evo Fund to request early redemption with five business days’ notice, and bonds can be redeemed either partially or fully in multiples of $525,000. Metaplanet also retains the right to trigger redemptions if future fundraising involves the same investor.

The bonds are unsecured, have no collateral, and no bond administrator — a setup permissible under Japanese corporate law. Payment operations will be handled directly at Metaplanet’s Tokyo office.

Source: Metaplanet

Metaplanet’s Aggressive Bitcoin Strategy

So far in 2025, Metaplanet has raised $135.2 million to fund its Bitcoin purchases:

• $25.9 million in February

• $13.3 million in March

• $25 million earlier in May

• $50 million + $21 million this week

According to BitcoinTreasuries.NET, Metaplanet currently holds about 7,800 BTC, worth approximately $840 million, making it the 11th-largest corporate Bitcoin holder globally. The firm’s average acquisition price stands at $91,340 per Bitcoin.

In March, Metaplanet added 696 BTC using cash-secured put options, followed by another 145 BTC purchase for $13.6 million in late April.

Expansion into the US Market

On May 1, Metaplanet announced it will establish Metaplanet Treasury, a wholly owned US subsidiary based in Florida, aiming to raise up to $250 million to deepen its Bitcoin strategy and tap into US capital markets.

The company has also drawn notable figures: in March, Eric Trump, son of former President Donald Trump, joined its Strategic Advisory Board.

Corporate Bitcoin Boom

Metaplanet’s announcement comes amid a surge in corporate Bitcoin adoption. On May 28, GameStop confirmed its own Bitcoin entry, purchasing 4,710 BTC as part of its treasury diversification.

As the race to accumulate Bitcoin heats up, Metaplanet’s aggressive funding moves signal it is determined to stay among the top corporate holders — with eyes firmly set on that 10,000 BTC milestone by year’s end.