Metaplanet raises $50M to expand Bitcoin treasury
Tokyo-listed Metaplanet raised ¥8 billion ($50 million) through zero-interest bonds on April 24, 2026, with proceeds earmarked entirely for bitcoin purchases.
The issuance marks the company’s 20th zero-coupon bond sale and supports its aggressive accumulation strategy as it works towards a 100,000 BTC target by the end of 2026.
The bonds, fully subscribed by EVO FUND, mature in April 2027 and carry no interest, allowing Metaplanet to deploy capital into bitcoin without ongoing financing costs.
The structure enables direct balance sheet exposure to bitcoin price movements, while provisions allow EVO FUND to request early redemption or trigger partial repayments tied to additional financing.
Metaplanet held 40,177 BTC at the end of March, acquired at an average price between $97,000 and $104,000, leaving its position underwater at current prices near $78,000, while the new raise could add roughly 640 to 700 BTC.
The company added 5,075 BTC in the first quarter alone, making it Japan’s largest corporate holder and the third-largest publicly listed bitcoin treasury globally, trailing Strategy and one other firm.
Shares fell about 3% to 4% to around ¥339 following the announcement, reflecting short-term dilution concerns despite the zero-cost structure, as Metaplanet continues executing a debt-funded bitcoin accumulation model pioneered in the United States.
At the time of reporting, Bitcoin price was $77,551.12.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Overnight US Stocks | Probability of Fed Rate Hike in October Rises to 69.7%, All Three Major Indexes Fall, SK Hynix (SKHY.US) Drops Over 3%
At the close, the Dow Jones Industrial Average dropped 351.27 points, or 0.68%, to 51,512.42 points; the S&P 500 Index fell 58.25 points, or 0.75%, to 7,706.39 points; and the Nasdaq Composite Index declined 308.24 points, or 1.13%, to 26,936.04 points.
Here’s why BlackRock believes autonomous AI systems will drive next stablecoin boom
BlackRock expects exchange-traded compute futures as it pitches stablecoins for AI agents
Report: TSMC to Raise Wafer Foundry Prices by 3% to 6% Starting January Next Year, Order Visibility Extended to 2030
According to media reports, TSMC's advanced and high-priced processes such as 2nm and 3nm have seen the largest price increases; mature and specialty processes are subject to individual negotiation based on products, capacity utilization, and customer conditions. Currently, TSMC's 8-inch fabs have a capacity utilization rate exceeding 100%, and processes below 45nm are at full capacity. The construction of AI data centers is not only driving demand for GPU and HBM, but also boosting orders for mature processes such as PMIC, MCU, and analog ICs.
Crypto prices
More
