Metaplanet Raises $26 Million Via Zero-Interest Bonds to Expand Bitcoin Holdings, Aims for 10,000 BTC

Metaplanet, a Japanese firm, has raised ¥4.0 billion ($26 million) through the issuance of zero-interest, unsecured, and unguaranteed bonds from EVO Funds to expand its Bitcoin holdings. The company aims to use these funds to strengthen its Bitcoin reserves as a hedge against yen depreciation amid Japan's economic conditions, which include prolonged negative interest rates, high national debt, and a weakening yen.

Metaplanet is also set to be included in the MSCI Japan Index at the end of February 28, 2025, which is expected to enhance its visibility and attract more investment from global funds. The firm currently holds 1,761.98 BTC and has set a target to accumulate at least 10,000 BTC by the end of 2025, with plans to reach 21,000 BTC by 2026.

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