Metaplanet and K33 deepen Bitcoin (BTC) with strategic plans

To accelerate its Bitcoin acquisition target, Japan’s Metaplanet issued $21 million in bonds to the EVO fund on May 29, and then increased the $50 million increase the day before. These zero corporate bonds (called Series 17) have a face value of $525,000 and are scheduled to mature on November 28, 2025.

Since they have no interest, Metaplanet avoids additional financial expenses related to borrowing.

Metaplanet adds Bitcoin Wochist

According to official documents, the clause allows EVO funds to issue five-day notices for early redemption at full or multiples of $525,000. Furthermore, redemption may be related to future funding rounds for the same investor.

These bonds are unsecured and have no guarantees or management, which is consistent with the Japanese company law. Payment processing will be conducted at the company’s Tokyo office.

This fundraising effort will help Metaplanet’s larger goal of accumulating 10,000 BTC by the end of 2025. The company has raised $135.2 million, including previous rounds in February ($25.9 million), March ($133 million) ($133 million), and early May ($25 million).

Currently holding approximately 7,800 BTC, worth approximately $840 million, Metaplanet ranks 11th among global corporate Bitcoin holders with an average purchase price of $91,340 per BTC. In March, it acquired 696 BTC using a cash-secure voting option, and then received an additional 145 BTC in April for $13.6 million.

Metaplanet isn’t the only company to double down on Bitcoin. In Scandinavia, K33 has taken a similar approach.

K33 joins the company Bitcoin Trend

Oslo-based cryptocurrency brokerage K33 announced plans to start holding Bitcoin on its balance sheet after raising 60 million SEK ($6.22 million). According to the May 28 announcement, the funds were obtained through interest-free convertible loans and a new round of share and warrant issuances.

The Norwegian company confirmed that 100% of the funds will be used to purchase Bitcoin, which may be purchased at the current price of 57 BTC. The company received SEK 45 million (USD 4.66 million) through a mature loan in June 2028 and SEK 15 million (USD 1.5 million) through equity and warrants. Investors will convert their warrants by March 2026 and will receive additional free arrest warrants, which could allow K33 to raise a total of SEK ($7.77 million).

CEO Jenssen said in his first-quarter financial update that K33 is working with other Nordic Bitcoin Treasury companies and intends to use its holdings to create Bitcoin-based services, including mortgages.