Metaplanet (3350) Buys Another 555 BTC, Plans to Issue $25M Bonds to Buy More
Metaplanet Increases Its Bitcoin Stash Reserves by 555 BTC, Plans to Liquidate Debt to Acquire More Funds
The Tokyo-based company has liquidated all of its funds in the EVO FUND, just days after selling $25 million in bonds to the same investor.
Jamie Crowley | Edited by Sheldon Reback Updated May 7, 2025, 3:40 PM Published May 7, 2025, 8:55 AM
Basic information:
- Metaplanet to issue $25 million in bonds to fund future Bitcoin purchases.
- The Tokyo-based company allocated the entire offering amount to EVO FUND just days after selling a similar amount of bonds to the same buyer.
- The company also confirmed the purchase of 555 BTC, bringing its total supply to 5,555.
Japanese investment firm Metaplanet (3350) has announced plans to sell a second batch of $25 million in bonds to the EVO FUND to fund further acquisitions of Bitcoin (BTC).
The Tokyo-based company agreed to issue the debt just days after selling the same amount of bonds to the same investor. The bonds, which will not bear interest, mature on Nov. 6, according to a Metaplanet report on X on Wednesday.
In a separate statement, Metaplanet said it had purchased 555 BTC for 7.63 billion yen ($53.5 million), bringing its total holdings to 5,555. According to Bitcoin Treasuries, this is the largest Bitcoin holding by a public company outside of North America.
Metaplanet shares rose about 11.5% to close at 477 yen ($3.33) on Wednesday.
