Metaplanet (3350) Plans Another $21M Bond Sale to Buy More BTC
Metaplanet Plans Another $21 Million Bond Sale to Acquire More BTC
Metaplanet holds the largest BTC holdings of any public company outside of North America.
Author: Jamie Crowley | Edited by : Parikshit Mishra Updated: May 9, 2025, 4:59 PM Published: May 9, 2025, 8:40 AM
What you need to know:
- Metaplanet announced its intention to sell $21.25 million in bonds to finance further purchases of bitcoin.
- The Tokyo-based company agreed to issue bonds for EVO FUND on May 9, marking the third such sale in a week.
- Metaplanet's current Bitcoin supply is 5555 BTC.
Japanese hotel company Metaplanet (3350) has announced plans to sell $21.25 million in bonds to fund additional purchases of bitcoin (BTC).
The Tokyo-based firm agreed to issue bonds for EVO FUND on May 9, marking its third sale in a week after two issues of $25 million each.
Metaplanet said in a post on X on Friday that the bonds will not bear interest and mature on November 9.
The company currently has 5,555 BTC ($576 million) in Bitcoin assets, ranking 11th among public companies and the largest holdings among companies outside North America.
Metaplanet shares closed up 2.75 percent at 524 yen ($3.61) on Friday, outperforming the Nikkei 225, which rose 1.56 percent.
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