The Metaplanet Bitcoin strategy continues to defy convention. The Tokyo-listed company has announced a new issuance of $21 million in zero-coupon bonds, with all proceeds earmarked for one thing: buying more Bitcoin. The goal? Hit 10,000 BTC on balance by the end of 2025.
Metaplanet currently holds around 7,800 BTC, making this next bond sale another bold step toward crypto dominance.
Zero-Coupon Bonds to Fund Bitcoin Growth
This latest round of debt was subscribed by EVO FUND, a Cayman Islands-based investment entity. According to Metaplanet, EVO retains an early redemption option: it can request partial repayment with five days’ notice if it commits to future bond placements. This feature provides the investor flexibility while funding Metaplanet’s BTC war chest.
Most notably, the bonds carry zero interest — meaning Metaplanet pays back only the principal on or before the November 28, 2025 maturity date. It’s a creative, low-cost way to scale Bitcoin exposure without sacrificing equity or operational cash flow.
The Metaplanet Bitcoin strategy mirrors the tactics pioneered by MicroStrategy — using long-term debt instruments to steadily accumulate BTC.
Bitcoin-Backed Bond Issuance in 2024
Metaplanet’s strategy isn’t new. Throughout 2024, the firm has issued multiple tranches of BTC-focused debt:
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$25.9 million in February
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$13.3 million in March
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$25 million in early May
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And now $21 million in this latest round
In total, $135.2 million has been raised this year alone. The company’s creative approach reflects a conviction in Bitcoin as a long-term treasury asset.
The firm also recently welcomed Eric Trump (son of former U.S. President Donald Trump) to its strategic advisory board, hinting at ambitions beyond Bitcoin — perhaps into global political influence and corporate branding.
Metaplanet Nears Its 10,000 BTC Target
In late March, the firm bought 696 BTC using a mix of bond proceeds and cash-secured put option premiums. In April, another 145 BTC were added for $13.6 million, pushing the company to roughly 78% of its 10,000 BTC goal.
The next milestones will likely arrive soon — and if Metaplanet Bitcoin strategy stays on track, it will solidify the firm as a leading corporate HODLer alongside the likes of MicroStrategy and Tesla.
