Metaplanet eyes more bitcoin purchases with new $50 million bond raise

Metaplanet, often dubbed Asia’s Strategy for its bullish bitcoin strategy, has issued $50 million in zero-interest bonds to finance further BTC purchases.According to a Thursday filing, the bond issuance — Metaplanet’s 16th to date — was fully subscribed by Evo Fund, a Cayman Islands-based investment firm. Evo has backed several of the Tokyo-listed company’s previous bond rounds, supporting its long-term bitcoin accumulation plan.Following the announcement, Metaplanet shares rose 9.5% at the close of trading in Japan on May 28, data from Yahoo Finance showed.The move comes as bitcoin trades near record highs. BTC briefly tapped $111,889 on exchanges such as Coinbase last week. As of writing, the asset traded flat at $108,870, per The Block’s price page.Metaplanet is currently Asia’s largest publicly traded bitcoin holder and ranks 11th globally, according to data from BitcoinTreasuries.net. The firm began accumulating BTC in April 2024, with a stated goal of reaching 10,000 BTC by the end of 2025. Last week, Metaplanet disclosed it had purchased an additional 1,004 BTC for approximately $104 million, bringing its total holdings to 7,800 BTC.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.