Metaplanet, the Tokyo-listed company focused on building a Bitcoin treasury, has raised 8 billion yen (approximately $50 million) through a zero-interest bond issuance. The funds will be used entirely to purchase additional Bitcoin, the company confirmed in a regulatory filing.
The bonds carry a 0% coupon and a one-year maturity, meaning Metaplanet pays no interest to bondholders and must repay the principal by April 2027. The entire issuance was taken by EVO FUND.
CEO Simon Gerovich announced the move on social media with a simple post: “I’m buying Bitcoin!” The company already holds over 40,000 BTC, worth more than $3 billion, and plans to add approximately 640–650 more coins with the new capital, increasing its holdings by about 1.6%.
This strategy mirrors the playbook pioneered by MicroStrategy in the United States, where debt has been used to build massive Bitcoin positions without diluting existing shareholders. Metaplanet’s approach leverages Japan’s low interest rate environment, making zero-interest borrowing especially favorable.
Metaplanet’s stock rose following the announcement, indicating market support for the strategy. The bonds are unsecured and uncollateralized, reflecting strong investor conviction in the company’s Bitcoin-centric vision.
