Metaplanet has raised $50 million through a new issuance of zero-interest bonds. The company has planned to use the entire amount to acquire more Bitcoin. The bonds were fully subscribed by EVO FUND, which has always backed the company’s financing strategy.
The structure is noteworthy because of its simplicity and ambition. Metaplanet borrows capital without paying interest, immediately deploys it into Bitcoin, and plans to repay the bonds using proceeds from future stock warrant exercises. It is through this main approach that the company is aggressively accumulating Bitcoins.
CEO Simon Gerovich has emphasised that the company measures success through “Bitcoin per share” rather than short-term profitability. The firm currently holds over 40,000 BTC and is facing unrealised losses due to recent price declines.
Japan’s low interest rates and favourable tax treatment for equity investments have made this strategy more viable. Investors appear comfortable supporting the model despite market volatility.
Looking ahead, Metaplanet has set a bold target of accumulating 210,000 BTC by 2027. The latest fundraising round, though relatively modest, signals that confidence in its long-term strategy remains intact.
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