Metaplanet Issues $24.7M Zero-Interest Bonds to Fuel Bitcoin Dominance
Metaplanet Issues $24.7M Zero-Coupon Bonds to Expand Bitcoin Treasury, Inspired by Strategy’s $5B BTC Windfall.
Key Takeaways:
- Metaplanet's $24.7 million bonds to grow Bitcoin holdings, following over 700 BTC acquisitions in April.
- Investors will receive full repayment of the bond’s face value at maturity, with zero interest.
- Strategy's $5 billion profits in Bitcoin holdings propel Metaplanet to replicate this feat.
On May 2, Japanese investment firm Metaplanet issued zero-interest bonds worth 3.6 billion yen ($24.7 million), which will mature on October 31, 2025.
The funds will be used to acquire more Bitcoin as part of the company’s growing focus on digital assets.
This step supports Metaplanet’s Bitcoin treasury strategy to reach 10,000 BTC by the end of the year.
Eric Trump Joins the Crypto Crusade: Can Metaplanet Hit 10,000 BTC by 2025?
According to a press release, Metaplanet’s EVO FUND will manage the bond issuance. The EVO FUND is a financial vehicle created by the company to raise capital exclusively for purchasing Bitcoin.
Each bond under this program has a face value of 90 million yen. Investors will receive full payment at maturity with no periodic interest, as the bonds are structured to prioritize capital preservation over yield.
March marked a bold step forward. Metaplanet assembled a Strategic Board of Advisors, sharpening its edge in the crypto space.
The company's first recruit was Eric Trump, a Bitcoin advocate and son of the current U.S. President Donald Trump.
Prior to the appointment, Trump was already making waves in crypto, joining forces with Hut 8, a Canadian Bitcoin mining company, to launch a U.S. subsidiary named American Bitcoin.
Metaplanet has rapidly expanded its Bitcoin holdings following these structural and advisory developments.
On April 14, the firm acquired 319 BTC for $26.4 million. It followed that up with two more major purchases. The company acquired 330 BTC for $28.2 million on April 21 and 145 BTC for $13.6 million on April 24.
In total, Metaplanet now holds over 5,000 BTC. CEO Simon Gerovich confirmed this, noting that the company is halfway to its ambitious goal of accumulating 10,000 BTC by the end of 2025.
To support this expansion and scale its influence in the global crypto economy, Metaplanet recently announced plans to open a U.S. subsidiary in Florida later this month.
This U.S. presence is expected to create new opportunities for partnerships, regulatory engagement, and capital flows, solidifying Metaplanet’s position in international markets.
Is Bitcoin’s Scarcity and Market Control Driving Rising Acquisitions?
Metaplanet isn’t the only company chasing Bitcoin. Strategy, the largest corporate holder of BTC and the originator of the Bitcoin treasury strategy, has also been busy of late.
On April 28, Strategy bought 15,355 BTC for $1.42 billion. That brings its total Bitcoin holdings to 553,555 BTC.
Yesterday, Michael Saylor, CEO and Chairman of Strategy, disclosed that the firm had achieved $5.8 billion in gains year-to-date.
While the Bitcoin treasury strategy is traditionally viewed as a hedge against inflation and currency debasement, a new argument suggests a motive behind these acquisitions.
Bitcoin analyst Adam Livingston believes Strategy's aggressive purchasing creates a “synthetic halving” effect by rapidly reducing the availability of newly minted BTC.
As Strategy continues aggressive purchases, Bitcoin will become more scarce. If this continues, investors will be left with limited options.
This entails buying Strategy's MSTR stock at a premium, borrowing Bitcoin at high interest rates, or relying on the few entities controlling large BTC reserves.
As more companies try to control the supply, Bitcoin becomes harder for regular buyers to access, changing the rules for everyone.
Jimmy Aki
Drawing from his background in economics, Jimmy has monitored blockchain development for years, firmly believing in its power to democratise finance. Beyond offering commentary on the latest crypto developments, he also spends his time analysing open-source codes of promising projects on GitHub. Jimmy holds Bitcoin and Ethereum.
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