Metaplanet Issues $50 Million Zero-Coupon Bonds to Increase Bitcoin Holdings

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On April 24, Japanese Bitcoin treasury company Metaplanet announced the issuance of 8 billion yen (approximately $50 million) in zero-coupon bonds to fund future purchases of Bitcoin. This issuance has been fully subscribed by Cayman Islands investment firm EVO Fund, marking Metaplanet’s 20th bond issuance. As Japan’s largest holder of digital assets, Metaplanet has been steadily increasing its Bitcoin holdings since April 2024. In the first quarter of this year, the company purchased a total of 5,075 BTC, bringing its total holdings to 40,177 BTC as of March 31, making it the third-largest Bitcoin treasury company in the world. This bond issuance follows the company’s report of a net loss of $619 million for the fiscal year 2025, primarily due to unrealized valuation losses on its Bitcoin holdings. Currently, the trading price of Bitcoin is approximately $77,700, having increased by 10% over the past month.

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