Metaplanet raises $50M to expand Bitcoin treasury
Tokyo-listed Metaplanet raised ¥8 billion ($50 million) through zero-interest bonds on April 24, 2026, with proceeds earmarked entirely for bitcoin purchases.
The issuance marks the company’s 20th zero-coupon bond sale and supports its aggressive accumulation strategy as it works towards a 100,000 BTC target by the end of 2026.
The bonds, fully subscribed by EVO FUND, mature in April 2027 and carry no interest, allowing Metaplanet to deploy capital into bitcoin without ongoing financing costs.
The structure enables direct balance sheet exposure to bitcoin price movements, while provisions allow EVO FUND to request early redemption or trigger partial repayments tied to additional financing.
Metaplanet held 40,177 BTC at the end of March, acquired at an average price between $97,000 and $104,000, leaving its position underwater at current prices near $78,000, while the new raise could add roughly 640 to 700 BTC.
The company added 5,075 BTC in the first quarter alone, making it Japan’s largest corporate holder and the third-largest publicly listed bitcoin treasury globally, trailing Strategy and one other firm.
Shares fell about 3% to 4% to around ¥339 following the announcement, reflecting short-term dilution concerns despite the zero-cost structure, as Metaplanet continues executing a debt-funded bitcoin accumulation model pioneered in the United States.
At the time of reporting, Bitcoin price was $77,551.12.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Inflation Shocks Wall Street as Selling Pressure Builds: 5 Altcoins to Try Before the Next Major Rally
Analytics Firm Says, “There’s a 90% Chance We’re at the Start of a Bull Market,” and Reveals Its Favorite Altcoins
U.S. Treasury Department’s investigation does not signal reduced bond issuance; U.S. Treasury yields rise as 10-year reclaims 5.12%
In a survey soliciting opinions from primary dealers, the Treasury Department asked about plans for repurchasing long-term government bonds, ways to enhance repo efficiency, the timing of short-term bond issuance, and prospects for the economy and financing, but did not directly address the issue of reducing long-term bond supply. Some investors had expected the Treasury to use this questionnaire to more clearly signal that it is considering scaling back the size of long-term bond auctions or even stopping the issuance of 20-year bonds, in response to the Trump administration's efforts to lower financing costs. The refinancing announcement to be released by the Treasury on November 4 has become the next observation point.
Dogecoin eyes daily death cross in 2026 as price trades near $0.081
Crypto prices
More
