Metaplanet Inc., a Japan-based investment firm, and Norwegian crypto brokerage K33 have each executed major funding initiatives designed to deepen their exposure to Bitcoin (BTC), with both firms deploying interest-free funding structures to accumulate the top cryptocurrency.
Metaplanet Issues $21M in Zero-Coupon Bonds to Evo Fund
On May 29, Metaplanet issued $21 million in zero-coupon bonds, its 17th series, to Evo Fund, just one day after raising $50 million through a separate initiative. The bonds carry a face value of $525,000 each and mature on November 28, 2025, offering investors early redemption options with a five-day notice. The bonds are unsecured and aligned with Japanese law, offering Metaplanet a cost-free debt instrument for BTC accumulation.
This round brings Metaplanet’s total fundraising for 2025 to $135.2 million, supporting its aggressive goal of accumulating 10,000 BTC by the end of the year. So far, the company holds around 7,800 BTC, valued at approximately $840 million, with an average purchase price of $91,340 per BTC.
Previously, in March and April, Metaplanet employed cash-secured put options and direct purchases to increase its reserves by 841 BTC combined.
K33 Raises $6.2M to Acquire Bitcoin for Corporate Treasury
Echoing Metaplanet’s aggressive BTC accumulation, Oslo-based K33 announced on May 28 the successful raise of 60 million SEK (~$6.22 million) through interest-free convertible loans and equity-based instruments. The firm plans to use 100% of the funds to acquire Bitcoin, potentially adding up to 57 BTC to its balance sheet at current market prices.
K33 secured 45 million SEK in loans due June 2028, and an additional 15 million SEK through a share and warrant offering. Investors are incentivized with bonus warrants if conversions are made before March 2026, potentially raising a total of 75 million SEK ($7.77 million).
According to CEO Bull Jenssen, K33 plans to collaborate with other Nordic Bitcoin treasury firms and leverage its holdings to develop Bitcoin-collateralized lending products, aligning its strategy with the rising demand for BTC-based financial services.
Corporate Bitcoin Adoption Continues to Rise
The moves by Metaplanet and K33 reflect a broader institutional shift toward Bitcoin as a reserve asset, mirroring strategies pioneered by firms like MicroStrategy. As Bitcoin gains global acceptance, such strategic treasury initiatives indicate a growing trust in BTC as a long-term hedge against fiat volatility and an engine for future blockchain-based financial products.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
