Metaplanet Raises ¥8B ($53M) via Zero-Coupon Bonds to Boost Bitcoin Holdings, Allocates ¥25.4B for BTC Buys as Stock Falls 3.5% and BTC Trades Near $77.5K Amid Market Volatility
The Tokyo-listed investment firm, Metaplanet, in an X post, announced the issue of ¥8 billion (around $53 million) in zero-coupon bonds, which supports its strategy of Bitcoin collection. The relocation positions the company among several publicly traded companies that invest in debt instruments to accumulate crypto reserves, per disclosures quoted by OTC Markets.
Bond Issuance Signals Strategic Shift
According to Bitcoin news today, the capital was raised through EVO FUND, under its 20th series of ordinary bonds, which was a follow-up of its Bitcoin treasury-centric strategy.
Bonds that do not yield periodic interest, such as zero-coupon bonds, enable Metaplanet to maintain a cash flow as it invests in Bitcoin.
The firm is pursuing a more balanced allocation approach as opposed to the one used in the past. Of the expected ¥37.135 billion from the 20th series of stock acquisition rights, around ¥8 billion will be redeemed in bonds between April 2026 and April 2027 so that the company can manage debt obligations effectively.
Meanwhile, ¥25.422 billion will be used to directly acquire Bitcoin. Another ¥3.714 billion will be spent on Bitcoin-related income strategies up to April 2028.
This strategy indicates two purposes: to increase Bitcoin exposure and still be financially disciplined and risk-averse.
Corporate Bitcoin Strategy Gains Momentum
Metaplanet’s strategy reflects a larger trend in corporate crypto uptake, in which firms use debt to acquire digital assets. The key reason is that if Bitcoin prices exceed the effective cost of lending, it could increase shareholder value.
This dynamic is further amplified by zero-coupon bonds, where the repayment is not due until the maturity date and hence Bitcoin has time to appreciate. However, key details like bond maturity, discount rate, and the time of purchase are not disclosed and that leaves the investors to await more information.
Also Read: Bitcoin’s New Quantum Wallet Creates Proof in Under 60 Seconds to Save Funds
Market Reaction
Despite the announcement, Metaplanet’s stock price declined 3.5% in a day to $339, and 2% in the last five days. The stock has fallen 10% in the last month, while it fell 27% in six months.
This underperformance indicates that investors have been cautious of leveraged exposure to Bitcoin, particularly in a risky macro-environment.
Bitcoin Price Shows Limited Immediate Impact
At the press time, BTC was trading at $77,565 with 0.10% decline in the past 24 hours. However, the overall trend is rising, and in the last week, BTC rose around 5% and 9% in a month.
The short-term effect is limited as it emphasizes that macro factors like geopolitical tensions and the overall market sentiment still prevail in price action.
