Japanese bitcoin (BTC) treasury firm Metaplanet is issuing 8 billion Japanese yen (about $50 million) in zero-interest ordinary bonds to fund future bitcoin purchases.
According to a Friday announcement, the bond issuance was fully subscribed by EVO Fund, a Cayman Islands-based investment firm that has anchored its previous offerings. This marks Metaplanet’s 20th bond issuance.
Metaplanet, Japan’s largest corporate holder of digital assets, has maintained a consistent accumulation of bitcoin since April 2024.
In the first quarter of this year, Metaplanet purchased 5,075 BTC, bringing its total to 40,177 BTC as of March 31. This placed the company as the third-largest bitcoin treasury firm in the world.
The firm’s additional bond issuance comes despite reporting a $619 million net loss for the fiscal year of 2025, mostly driven by an unrealized valuation loss on its bitcoin holdings.
While down notably from its all-time high of around $126,000 in October 2025, bitcoin’s price has recently been recovering from earlier declines led by geopolitical tensions in the Middle East. It is currently trading at $77,800, up 10% over the past month.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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