Metaplanet, a Tokyo-based investment firm, has taken another significant step in expanding its cryptocurrency holdings by issuing zero-interest bonds worth ¥2 billion (approximately $13.35 million) to EVO FUND. The company plans to use the proceeds to purchase additional Bitcoin, reinforcing its commitment to digital assets and positioning itself as a major Bitcoin-holding corporation in Asia.
Details of the Bond Issuance
The issuance of these 0% ordinary bonds was approved during a board meeting, marking Metaplanet’s ninth such issuance. According to a regulatory filing dated March 18, 2025, the bonds will mature on September 17, 2025, and will be redeemed at face value (¥100 per ¥100 of the bonds’ face value).
EVO FUND, which acquired the bonds, holds the option for early redemption with prior notice, applicable to all or part of the outstanding bonds. Metaplanet intends to finance the redemption through proceeds from its stock acquisition rights. Despite being unsecured and lacking collateral, the bonds were fully allocated to EVO FUND, highlighting investor confidence in Metaplanet’s financial strategy.
Expanding Bitcoin Holdings
This latest bond issuance aligns with Metaplanet’s long-term strategy to increase its Bitcoin reserves. Since launching its Bitcoin Treasury Operations in April 2024, the firm has been actively accumulating cryptocurrency assets.
On March 12, 2025, Metaplanet acquired 162 additional Bitcoins, bringing its total holdings to 3,050 BTC, valued at over $251 million at current market prices. This steady accumulation underscores the company’s belief in Bitcoin as a valuable financial asset.
Previous Bond Issuances for Bitcoin Purchases
Metaplanet has previously leveraged bond issuances to fund Bitcoin acquisitions. On February 27, 2025, the company issued similar zero-interest bonds worth ¥2 billion to EVO FUND for Bitcoin purchases. Additionally, in December 2024, Metaplanet issued ¥4.5 billion ($30 million) in zero-interest bonds to further boost its Bitcoin reserves. This consistent strategy highlights the company’s long-term confidence in Bitcoin as a store of value.
Market Impact and Corporate Confidence in Bitcoin
Metaplanet’s continued Bitcoin investments reflect a growing trend among corporations to diversify their treasury assets with cryptocurrency. By utilizing zero-interest bonds, the company raises capital without incurring debt costs, allowing it to invest in Bitcoin as a hedge against inflation, market volatility, and currency fluctuations.
This strategy mirrors the approach of firms like MicroStrategy, which have also embraced Bitcoin as a key treasury asset. As more companies explore similar financial strategies, Bitcoin’s role in corporate finance continues to strengthen.
Stock Market Response and Financial Considerations
Following the bond issuance announcement, Metaplanet’s stock price experienced a slight decline of nearly 0.5%, trading at ¥4,030. While this dip indicates short-term investor reactions, the company’s overall Bitcoin strategy remains unchanged.
With a clear commitment to increasing its Bitcoin holdings, Metaplanet is positioning itself at the forefront of corporate cryptocurrency adoption. As the digital asset market evolves, the firm’s continued investments may influence broader corporate trends in Bitcoin adoption.
