Metaplanet, a publicly traded company based in Japan, has taken a new funding step to increase Bitcoin investments. In an official statement, the company announced the issuance of 8 billion yen (approximately $50 million) in zero-interest corporate bonds. The funds will be used directly for Bitcoin purchases.
It was announced that the issued bonds would be purchased by EVO Fund, the company’s largest shareholder and strategic equity partner. Metaplanet management stated that the liquidity generated from the funds would be quickly channeled into BTC purchases. This move demonstrates the company’s continued strategy of positioning Bitcoin as a core asset on its balance sheet.
Metaplanet’s recently adopted financing model is noteworthy. The company raises funds by issuing bonds, then uses these funds to purchase Bitcoin, simultaneously offering EVO Fund new share purchase rights. Subsequently, it uses the proceeds to repay its debt early. This cycle allows the company to grow its crypto asset position while keeping its debt costs low.
Analysts note that this strategy mirrors a MicroStrategy-like “Bitcoin treasury” approach. However, some experts warn that accumulating crypto assets through borrowing could pose risks against market fluctuations.
Metaplanet’s recent bond issuance reveals continued interest in Bitcoin from institutional investors and the increasing use of alternative financing methods.
*This is not investment advice.
