•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Metaplanet, a Japanese company focused on holding Bitcoin as a treasury asset, has announced a new bond issuance worth 8 billion yen (about $50 million) to fund additional Bitcoin purchases. The firm said the bonds carry zero interest.
Metaplanet issued 8 billion yen in zero-interest bonds to finance future Bitcoin acquisitions. The offering was fully subscribed by EVO Fund, a Cayman Islands-based investment firm. EVO Fund also supported earlier Metaplanet bond sales, making this the company’s 20th bond issuance.
Metaplanet reported that it held 40,177 BTC as of March 31, after buying 5,075 BTC in the first quarter of 2026. The company described itself as Japan’s largest corporate holder of digital assets and one of the most active Bitcoin treasury firms.
With the latest reported holdings, Metaplanet ranked as the third-largest Bitcoin treasury company globally, following a strategy used by other public firms that treat Bitcoin as a major balance-sheet asset.
The bond issuance comes after Metaplanet reported a $619 million net loss for the 2025 fiscal year. The loss was mainly attributed to unrealized valuation losses on its Bitcoin holdings. Unrealized losses reflect changes in the value of assets that have not been sold, and can appear during periods when Bitcoin prices weaken even if the company continues to hold the asset.
Bitcoin recently traded around $77,800, up about 10% over the past month. The recovery followed earlier market pressure linked to geopolitical tensions in the Middle East. Despite the rebound, Bitcoin remains below its October 2025 all-time high of about $126,000.
By raising additional funds through zero-interest bonds, Metaplanet signals it intends to continue adding to its Bitcoin position despite market volatility. The company did not specify the timing of its next Bitcoin purchases. The zero-interest structure also limits direct borrowing costs for the firm.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
