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Metaplanet is issuing $50 million in zero-interest bonds to buy more bitcoin.
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The funds come from a private placement with Evo Fund, a long-term backer.
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The company already holds 7,800 BTC after a recent $104 million purchase.
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Metaplanet aims to reach 10,000 BTC by end of 2025.
Metaplanet Issues Bonds to Fund Bitcoin Strategy
Japanese investment firm Metaplanet has issued $50 million in bonds to fund further bitcoin purchases. The debt round, its 16th to date, was fully subscribed by Evo Fund, a Cayman Islands-based investor that has participated in several previous rounds.
Metaplanet has become known for its aggressive accumulation of bitcoin, mirroring the approach taken by U.S.-based Strategy.
Recent Purchases and Market Impact
Just last week, Metaplanet disclosed a $104 million purchase of 1,004 BTC, bringing its total holdings to 7,800 BTC. Following the latest bond announcement, the company's stock rose 9.5% on the Tokyo exchange.
Bitcoin is currently trading near all-time highs, adding momentum to Metaplanet’s long-term holding strategy.
Position in Global Rankings
Metaplanet is now the largest publicly listed bitcoin holder in Asia and ranks 11th globally. The firm began accumulating BTC in April 2024 with a goal of reaching 10,000 BTC by the end of 2025.
