Metaplanet Issues $21M Zero-Coupon Bond to Boost Bitcoin Holdings

Metaplanet Inc., a Tokyo-based investment firm, has issued a zero-coupon bond worth US$21 million to Evo Fund, a Cayman Islands-based investment company, in a strategic move aimed at accelerating its Bitcoin (BTC) acquisition campaign.

The bond, set to mature on 28 November 2025, allows Metaplanet to raise capital without incurring interest expenses, providing a cost-effective funding pathway. Zero-coupon bonds offer no periodic interest payments but are typically issued at a discount and redeemed at face value—helping companies like Metaplanet minimise borrowing costs while still accessing significant capital.

This latest fundraising effort follows a US$50 million capital raise just one day earlier, bringing the company’s total 2025 Bitcoin-related financing to a staggering US$135.2 million. The company has publicly stated its intention to manage up to 10,000 BTC by year’s end, significantly up from the approximately 7,800 BTC currently held in reserves.

Evo Fund, the recipient of the zero-coupon bond, has the flexibility to redeem the bond early with five business days' notice, and in increments of US$525,000—a feature that enhances investor liquidity while offering Metaplanet a reliable and dynamic financing partner.

In tandem with its aggressive Bitcoin strategy, Metaplanet has also launched a new subsidiary in the United States, dubbed Metaplanet Treasury, headquartered in Florida. This move aims to capitalise on deeper institutional capital pools and take advantage of more clearly defined regulatory frameworks within the U.S. financial markets.

Since the start of 2025, Metaplanet’s stock price has skyrocketed by nearly 2,000%, signalling strong investor confidence in the firm’s pivot to Bitcoin-centric operations. Market analysts note that the firm’s approach—combining innovative financing with geographic expansion—is carving out a unique niche in the institutional Bitcoin investment space.

The company’s long-term vision mirrors that of other Bitcoin-forward corporations, taking a page out of MicroStrategy’s playbook while tailoring its strategy to regional and structural advantages within Asia and the U.S.

Metaplanet’s latest zero-coupon issuance marks another bold step in an increasingly competitive field of institutional Bitcoin adoption. With an aggressive accumulation plan, streamlined financing methods, and expanding global reach, Metaplanet is emerging as one of the most influential crypto-native investment firms in Asia-Pacific.

As regulatory clarity improves and more traditional financial institutions explore Bitcoin exposure, Metaplanet's positioning could offer a blueprint for others navigating the shifting tides of the digital asset landscape.

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