Metaplanet has raised $21 million through a fresh issuance of zero-interest bonds to Evo Fund to fund its next wave of Bitcoin buys.

According to a May 29 announcement from the Japanese investment firm, the 17th Series of Ordinary Bonds were issued in $525,000 denominations, carry no interest, and are set to mature on November 28, 2025.

*Metaplanet Issues 21 Million USD in 0% Ordinary Bonds to Purchase Additional $BTC*

The entire issuance was allocated to Evo Fund, a Cayman Islands-based investor and Metaplanet’s primary financial backer. 

The bonds are unsecured, bear no collateral or guarantee, and were issued without appointing a bond administrator, as permitted under Japanese corporate law.

Further, the bonds include provisions for early redemption at face value, either in full or in part, with five business days’ notice from Evo Fund.

Additionally, the company may redeem the bonds in connection with future fundraising rounds involving the same investor, depending on the cumulative capital raised.

Payments will be handled through Metaplanet’s Tokyo office, and the issuance is expected to have minimal impact on the firm’s financial results for 2025.

Evo Fund has played a central role in financing Metaplanet’s Bitcoin accumulation. It has subscribed to multiple tranches of the company’s non-interest-bearing debt instruments, providing consistent capital inflows.

The structure of these zero-interest bonds allows Metaplanet to expand its balance sheet without incurring interest expenses, offering financial flexibility while staying aligned with its long-term Bitcoin-focused objectives.

Just a day earlier, on May 28, Metaplanet announced a separate $50 million bond issuance under similar terms, also fully subscribed by Evo Fund. That round involved bonds issued in larger $1.25 million denominations, carrying no interest and no collateral or guarantees.

As with the latest offering, the proceeds were earmarked for Bitcoin acquisitions. 

Since early 2024, the firm has relied on capital markets, particularly debt instruments, rather than operational revenue to fund its digital asset strategy. 

Together, the twin offerings mark one of Metaplanet’s most aggressive fundraising pushes to date, closely mirroring earlier rounds completed in February, March, and early May.

Metplanet’s immediate goals are to hold 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026, which would account for 1% of Bitcoin’s total supply.

As of last check, it holds 7,800 BTC, which means it is less than 22% away from meeting its 2025 target.

With $71 million in fresh capital raised within two days, the company is now well-positioned to accelerate acquisitions and potentially exceed its year-end goal ahead of schedule.

This momentum builds on a series of large Bitcoin buys in May, during which Metaplanet surpassed El Salvador, the first country to start accumulating the benchmark crypto, in total holdings. 

On May 12, it acquired 1,241 BTC, marking its largest single-day purchase and pushing its stash ahead of the Central American nation.

Later in the month, it followed up with a $104.6 million acquisition of 1,004 BTC, its second-largest to date. 

Through March and April, it had acquired another 841 BTC.

The post Metaplanet secures $21M in zero-interest bonds to boost Bitcoin holdings appeared first on Invezz

274 +