Metaplanet Bets Big on Bitcoin: Issues $21.25M Zero-Coupon Bonds to Fuel BTC Buying Spree
Tokyo-based Metaplanet just pulled a corporate treasury power move—raising $21.25 million through 0% ordinary bonds explicitly to stack more Bitcoin. No yield for investors, just pure conviction on BTC as a reserve asset.
The Playbook:
Ditch negative-yielding yen, double down on digital gold. The firm’s latest financial engineering sidesteps traditional debt markets, effectively crowdsourcing capital to back its crypto gambit.
Why It Matters:
Another public company joins the ‘Bitcoin as balance sheet armor’ brigade—though skeptics will note the irony of using old-school bonds to fund a disruption play. Guess even crypto maximalists need fiat bridges sometimes.
Watch for more firms copying this template… or crashing spectacularly trying.
Metaplanet Allocates Entire Bond Issuance to EVO Fund
Per the company release, the bonds will be redeemed in full at face value on Nov. 7 and will bear no interest.
“However, the Bondholder may request early redemption of all or part of the outstanding bonds” by notifying the company earlier, it read.
With the current price of Bitcoin at $103,679, according to CoinGecko data at press time, Metaplanet would purchase 205 BTC if it raises the full $21.25 million.
‘Tidal Wave’ of More Firms Buying Bitcoin: CEO
Speaking at the Bitcoin for Corporations 2025 on May 6, Simon Gerovich, CEO of Metaplanet, shared the remarkable story of how his company became the top-performing publicly listed equity of 2024 by pivoting fully to a Bitcoin standard.
He revealed how BTC-denominated KPIs and strategic treasury operations turned equity into Bitcoin.
“We are at a tipping point. A tidal wave of corporate Bitcoin adoption is coming,” he said at the event.
We are at a tipping point. A tidal wave of corporate Bitcoin adoption is coming https://t.co/1xE4ecfUjM
— Simon Gerovich (@gerovich) May 8, 2025In a separate post on X, Gerovich also shared how the company started on Bitcoin standard a year ago and how it stands now after one year. He shared two pictures in comparison.
How it started vs. How it’s going!
あの頃 → 今! pic.twitter.com/8RSKIuyTgY
