- Company filings and market reports say the bonds carry 0% interest (zero‑coupon).
- This is Metaplanet’s 20th bond sale as it keeps turning to capital markets to buy Bitcoin.
- The company’s total stash is now 40,177 BTC, the third-largest listed Bitcoin treasury.
Metaplanet, a Japanese investment firm, just raised about ¥8 billion (approximately $50 million) by issuing zero‑interest bonds. The entire amount will be used to buy more Bitcoin.
This move solidifies Metaplanet’s spot as one of the most aggressive corporate Bitcoin buyers in the world, and makes the company the third-largest listed Bitcoin treasury globally.
Company filings and market reports say the bonds carry 0% interest (zero‑coupon) and are part of Metaplanet’s ongoing fundraising playbook. They were fully bought by key partner EVO Fund and are due in April 2027.
This is Metaplanet’s 20th bond sale as it keeps turning to capital markets to fund its Bitcoin buying spree.
The new raise comes after a big buying spree earlier in the year. Metaplanet acquired 5,075 BTC in Q1 2026, and its total stash is now 40,177 BTC. Only the industry giants like Strategy and Twenty One Capital hold more Bitcoin at the moment.
Metaplanet’s playbook looks a lot like Michael Saylor’s and his company’s strategy. Raise capital through debt, stock, and structured deals, then flip that capital into Bitcoin and treat it as a core treasury asset.
However, Metaplanet has pushed the model even further in some ways, mainly due to regularly issuing zero‑interest bonds and teaming up with funds like EVO Fund. The company also recycles capital via warrants and early buybacks.
Zero-Interest Bonds and Metaplanet’s 2026 Plan
The most interesting part of Metaplanet’s announcement is the zero-interest bonds.
First, zero interest means no borrowing costs, so Metaplanet gets cheap capital without the usual debt pressure. Second, repayment is flexible, meaning the bonds can be paid off early or rolled into new fundraising rounds.
Metaplanet has also laid out a ¥165 billion (roughly $1 billion) plan to buy Bitcoin. The funding will come from ¥33.4 billion (about $210 million) in bonds and ¥131.78 billion (approximately $825 million) in stock sales over 2026‑2028.
Earlier in April, the company stated its goal is 100,000 Bitcoin by the end of 2026.
As for Bitcoin, according to CoinMarketCap, its price is hovering at around $77,750, which is more or less how it was in the last 7 days.
Related: Japan’s Metaplanet Builds Bitcoin Powerhouse With ¥4B Venture Arm
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