Metaplanet Raises $50M for Bitcoin Purchases, Becomes Third-Largest Public BTC Holder

Japan's Metaplanet has raised about ¥8 billion (roughly $50 million) through a new zero-coupon bond issue, with the full proceeds earmarked for additional Bitcoin purchases. Regulatory filings and market reports indicate the bonds carry 0% interest, were fully subscribed by strategic partner EVO Fund, and mature in April 2027. The deal marks Metaplanet's 20th bond sale, underscoring its continued reliance on capital markets to finance Bitcoin accumulation. Following purchases of 5,075 BTC in Q1 2026, Metaplanet now holds 40,177 BTC, making it the world's third-largest listed corporate Bitcoin treasury. Only Strategy and Twenty One Capital currently hold larger positions. Metaplanet's approach mirrors the playbook associated with Michael Saylor's Strategy: raise capital through debt, equity, and structured transactions, then convert that funding into Bitcoin as a core treasury asset. Metaplanet has leaned heavily on recurring zero-interest bond issuance and partnerships such as EVO Fund, while also recycling capital through warrants and early buybacks. The company has outlined a broader ¥165 billion (around $1 billion) Bitcoin acquisition plan for 2026–2028, funded by ¥33.4 billion (about $210 million) in bonds and ¥131.78 billion (approximately $825 million) in stock sales. In April, Metaplanet said it is targeting 100,000 BTC by the end of 2026. Bitcoin was trading near $77,750, according to CoinMarketCap, broadly flat over the past seven days. Disclaimer: This content is for informational and educational purposes only and does not constitute financial advice. The publisher is not responsible for losses resulting from the use of any referenced content, products, or services. Readers should exercise caution before taking any action related to the company.