Japanese Firm Metaplanet Raises $21 Million Through Zero-Interest Bonds For Bitcoin Expansion
Japanese investment company Metaplanet issued $21 million in zero-interest bonds on May 29, just one day after announcing a separate $50 million raise, according to Cointelegraph. The Tokyo-based firm sold bonds to Cayman Islands-based Evo Fund with each bond carrying a face value of $525,000 and maturing on November 28, 2025. This latest funding round brings Metaplanet's total capital raised in 2025 to $135.2 million, all designated for Bitcoin purchases as the company targets 10,000 BTC by year-end.
The bonds allow early redemption with five business days' notice from the investor. Metaplanet currently holds approximately 7,800 Bitcoin, valued at around $840 million with an average purchase price of $91,340 per Bitcoin. The company ranks 11th among global institutional Bitcoin holders and maintains the largest corporate Bitcoin position in Asia.
Zero-Interest Corporate Financing Strategy
Zero-coupon bonds represent debt instruments that pay no interest during their term, instead offering returns through the difference between purchase price and face value at maturity. Investopedia explains these instruments allow companies to borrow funds without ongoing interest payments, reducing operational cash flow pressure. Metaplanet's approach mirrors financing strategies used by other corporate Bitcoin adopters seeking cost-effective capital for cryptocurrency acquisitions.
The company has consistently tapped debt markets throughout 2025, raising $25.9 million in February, $13.3 million in March, and $25 million earlier in May. Metaplanet also uses derivative instruments, having acquired 696 Bitcoin in March through cash-secured put options and contract premiums. The firm purchased an additional 145 Bitcoin for $13.6 million in April.
Metaplanet announced plans for a US subsidiary called Metaplanet Treasury, based in Florida, aiming to raise up to $250 million for continued Bitcoin accumulation. The subsidiary targets US financial market access, expanding the company's global presence and investment capacity.
Growing Corporate Bitcoin Adoption Trends
Corporate Bitcoin adoption accelerated in 2025, with institutional investment driving significant market changes. The Crypto Basic reports adoption rates among public companies increased 80% since January 2024, with 81 firms now holding Bitcoin on balance sheets. Companies are acquiring approximately 1,000 bitcoins daily, according to Rivers Financial data.
GameStop recently completed its first Bitcoin purchase, acquiring 4,710 BTC worth approximately $513 million, according to CoinDesk. The video game retailer raised $1.5 billion through convertible notes to fund the purchase, following similar treasury strategies adopted by major corporations.
Blockchain Council research indicates regulatory clarity and political support contribute to increased institutional confidence. President Trump's administration established crypto-focused working groups, while Bitcoin ETFs attracted billions in institutional capital during 2025.
The shift reflects growing recognition of Bitcoin as a treasury reserve asset, with companies seeking protection against currency devaluation and inflation. Public companies now hold over 652,000 BTC collectively, though this represents less than 1% of all publicly traded companies, suggesting significant room for expansion.
Market Implications And Future Outlook
Rising institutional adoption patterns affect broader cryptocurrency markets through increased demand and legitimacy. Security.org data shows 28% of American adults own cryptocurrencies in 2025, representing nearly doubled ownership since 2021. Bitcoin remains the most sought-after cryptocurrency, with two-thirds of prospective buyers planning Bitcoin purchases.
Traditional financial institutions face pressure to offer cryptocurrency services as corporate demand grows. Major payment processors now provide crypto-linked services, while investment firms develop Bitcoin-focused products for institutional clients. Bitpanda Academy analysis suggests Bitcoin ETF approvals and political developments strengthen confidence in digital assets.
Skeptics point to Bitcoin's price volatility and regulatory uncertainty as potential obstacles for widespread corporate adoption. Market fluctuations can affect balance sheet values, while changing regulations may impact institutional strategies. However, supporters argue limited Bitcoin supply and growing acceptance provide long-term value protection against economic instability.
Metaplanet's aggressive accumulation strategy reflects broader trends toward corporate Bitcoin integration. The company's systematic approach through debt financing demonstrates practical methods for institutional Bitcoin acquisition. With established financial infrastructure and regulatory frameworks, corporate adoption appears positioned for continued growth throughout 2025 and beyond.
Related Reading on BTC Peers
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