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Metaplanet Lifts Bitcoin Stash by 555 BTC, Plans to Sell Debt to Buy More
The Tokyo-based company earmarked the entire offering for EVO FUND only days after previously selling $25 million in bonds to the same buyer.
Updated May 7, 2025, 3:40 p.m. Published May 7, 2025, 8:55 a.m.
What to know:
- Metaplanet will issue $25 million in bonds to fund further purchases of bitcoin.
- The Tokyo-based company earmarked the entire offering for EVO FUND only days after selling an earlier tranche of $25 million to the same buyer.
- The company also said it bought 555 BTC, taking its total stash to 5,555.
Japanese investment firm Metaplanet (3350) said it will sell a second $25 million of bonds to EVO FUND to fund further purchases of bitcoin (BTC).
The Tokyo-based company agreed to issue the debt only days after selling the same amount of bonds to the same buyer. The bonds, which will bear no interest, have a redemption date of Nov. 6, according to a Metaplanet post on X on Wednesday.
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In a separate statement, Metaplanet said it bought 555 BTC for 7.63 billion yen ($53.5 million), taking its total holdings to 5,555. That is the largest bitcoin stash among public companies outside of North America, according to Bitcoin Treasuries.
Metaplanet shares added about 11.5% to close at 477 yen ($3.33) on Wednesday.
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Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
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- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
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