Metaplanet, a Japanese investment company known for its strategic Bitcoin acquisitions, once again made headlines as it announced raising $50 million through a private placement of zero-interest bonds. The goal of this tactic, as revealed in their May 28 announcement, is to increase the firm’s Bitcoin portfolio further.
Each bond is issued in $1.25 million denominations and carries no interest. This means investors will not receive regular payments; instead, potential profits are expected from the bonds’ redemption value. The only bondholder of these zero-interest bonds is the Cayman Islands-based Evo Fund, which is also the main backer of Metaplanet’s Bitcoin acquisition strategy.
Surprisingly, the bonds come unsecured and unguaranteed, demonstrating high trust levels between the two firms and their shared confidence in the long-term prospects of Bitcoin. Metaplanet carefully anticipates minimal impact on its 2025 financial results due to these recent developments.
This direction towards Bitcoin investment reflects a growing trend amongst companies wanting to look beyond traditional, fiat-based treasury strategies. With its massive Bitcoin accumulation, including a purchase of 1,004 Bitcoin worth over $100 million, Metaplanet now owns over 7,800 BTC, worth over $800 million.
In conclusion, Metaplanet’s focus on augmenting its Bitcoin holdings even appears to be providing a boost to its stock price, marking a new wave in the role of cryptocurrencies in business strategies. Nevertheless, critics like investor Jim Chanos advocate buying Bitcoin directly rather than gaining indirect exposure through stocks.
