Share this article
Metaplanet Plans a Further $21M Bond Sale to Buy More BTC
Metaplanet has the largest BTC stash among publicly-traded companies outside North America
Updated May 9, 2025, 4:59 p.m. Published May 9, 2025, 8:40 a.m.
Make us preferred on Google
What to know:
- Metaplanet said it plans to sell another $21.25 million of bonds to fund further bitcoin purchases.
- The Tokyo-based firm agreed to issue the debt to EVO FUND on May 9, making it the third such sale in the space of a week.
- Metaplanet's bitcoin stash currently sits at 5,555 BTC.
Japanese hotel firm Metaplanet (3350) said it plans to sell another $21.25 million worth of bonds to fund further bitcoin (BTC) purchases.
The Tokyo-based firm agreed to issue the debt to EVO FUND on May 9, making it the third such sale in the space of a week, following two issues of $25 million each.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The bonds will not bear any interest and have a redemption date of Nov. 9, Metaplanet announced in a post on X on Friday.
The firm's bitcoin stash currently sits at 5,555 BTC ($576 million), the 11th largest holding among publicly-traded companies and the largest of firms outside North America.
Metaplanet shares closed 2.75% higher on Friday at 524 yen ($3.61), outperforming the Nikkei 225 which gained 1.56%.
Read More: Strike CEO Mallers to Lead Bitcoin Investment Company Backed by Tether, Softbank, Brandon Lutnick
More For You
More For You
Ledn raises $188m with first bitcoin backed bond sale in asset backed market
Crypto lender packages more than 5,400 bitcoin collateralized loans into first asset backed securities transaction of its kind.
What to know:
- Ledn sold $188m of bonds backed by 5,400 bitcoin collateralized consumer loans, with an investment grade tranche priced at +335 basis points.
- Automated liquidation of bitcoin collateral helped shield asset backed security investors even as the token fell.
Top Stories
