Metaplanet Ramps Up Bitcoin Buying Strategy With $50 Million Zero-Interest Bond Sale

Metaplanet, a Japanese corporate bitcoin holder, is stepping up its bitcoin accumulation strategy with a large zero-interest bond sale.

The Block reported on April 24 that Metaplanet issued 8 billion yen, or about $50 million, of zero-interest bonds. The funds will be used for future bitcoin purchases.

Cayman Islands-based investment firm EVO Fund bought the entire offering.

As of April 24, Metaplanet held 40,177 bitcoin, the third-largest holding among publicly traded companies worldwide.