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.
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
Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
What to know:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
Top Stories
