Tokyo-listed Metaplanet issued zero-interest bonds to the EVO FUND worth 8 billion Japanese yen ($50 million), with the proceeds used for additional Bitcoin purchases, according to a Thursday filing.
According to According to the filing, the 20th series of common bonds matures in April 2027 and is unsecured, giving Metaplanet another source of zero-interest financing as it expands one of the largest corporate Bitcoin vaults on the market.
EVO FUND based in the Cayman Islands fund at the core of Evolution Financial Group, specializes in structured finance for companies focused on digital assets and is the primary subscriber to Metaplanet’s zero interest bonds used to finance Bitcoin purchases.
According to the terms of the agreement, the bonds will be redeemed at their nominal price on maturity, and EVO FUND may request early redemption five days in advance. Metaplanet may also redeem part or all of the bonds if it completes future financing with the same investor.
Related: Nakamoto sells $20 million worth of Bitcoin and reduces his stake in Metaplanet
The latest raise expands on a funding strategy that Metaplanet has used repeatedly, relying more on its Bitcoin treasury model, tapping capital markets rather than relying solely on operating cash flow.
According to data from Metaplanet, the price of Metaplanet shares dropped by approximately 3.69%. data from Yahoo! Finances.
Metaplanet increases its Bitcoin holdings thanks to its debt financing strategy
The latest raise comes after an aggressive first quarter in which Metaplanet added 5,075 BTC, bringing its total holdings to approximately 40,177 BTC and solidifying its position as the third-largest publicly traded Bitcoin holder.
Metaplanet will issue $50 million 0% common bonds to purchase an additional $50 million worth of BTC. Source: Metaplanet
This expansion has made the company one of the clearer examples in Asia of a public company using debt and equity financing to accumulate Bitcoin as a treasury asset, often compared to MicroStrategy’s balance sheet strategy in the United States.
With the modern issue, Metaplanet signals that it intends to continue purchases even after an unstable period on cryptocurrency markets, with BTC turnover at approx. $77,000 in recent sessions.
The company said in the filing that the sale of the notes is expected to have only a minimal impact on its fiscal 2026 consolidated results and that if “any material impact” to its financial results or other matters arises, it will provide an update immediately.
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