According to a filing on Thursday, Tokyo-listed Metaplanet issued 8 billion Japanese Yuen ($50m) in bonds with zero interest to EVO Fund, the proceeds of which will be used to purchase additional Bitcoin.
According According to the filing the 20th Series of Ordinary Bonds matures in 2027. They are unsecured and give Metaplanet an additional source of funding at zero interest as they expand one of the biggest corporate Bitcoin treasuries on the market.
EVO Fund, Cayman’s fund Evolution Financial Group specializes primarily in the financing of digital assets-focused businesses and has been the primary subscriber for Metaplanet’s zero-interest bond used to finance Bitcoin purchases.
The bonds are redeemed by EVO Fund at par upon maturity. However, EVO can ask for an early redemption within five days of notice. Metaplanet can also redeem all or part of the bonds in the event that it closes other financings with this investor.
Related: Nakamoto sells $20 million in Bitcoin and cuts Metaplanet stake
Metaplanet’s latest financing raise is a continuation of a strategy it has repeatedly used as it continues to lean more into its Bitcoin Treasury model and taps capital markets instead of relying on only operating cash flow.
Metaplanet’s stock price fell by around 3.69% when this article was written, according to data Yahoo! Finance.
Metaplanet increases its Bitcoin holdings through debt-financed strategy
Metaplanet’s latest increase follows an aggressive quarter where it added 5,075 BTC to its holdings, bringing its total up to approximately 40,177 BTC. This cements its position as one of the largest cryptocurrency exchanges. third-largest publicly listed Bitcoin holder.
Metaplanet issues $50 Million in Ordinary Bonds at 0% to purchase additional $BTC. Source: Metaplanet
This expansion made it one of Asia’s clearest examples of a company using equity and debt financing to acquire Bitcoin as a Treasury asset. It has drawn frequent comparisons with MicroStrategy’s balance sheet strategy The United States
Metaplanet has announced a new issue to signal its intention to continue buying, even after the crypto market experienced a turbulent stretch, where BTC traded around $77,000 In recent sessions, we have had a number of successful workshops.
In its filing, the company stated that it expects the bond sale to only have a minor impact on the consolidated results of the fiscal year 2026. “any material impact” It will promptly provide an update on any new information or concerns that may arise regarding its financial performance.
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Source: cointelegraph.com
