Metaplanet (3350) Plans a Further $21M Bond Sale to Buy More BTC

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Metaplanet (3350) Plans a Further $21M Bond Sale to Buy More BTC

Japanese resort agency Metaplanet (3350) mentioned it plans to promote one other $21.25 million price of bonds to fund additional bitcoin (BTC) purchases.

The Tokyo-based agency agreed to concern the debt to EVO FUND on May 9, making it the third such sale within the area of a week, following two problems with $25 million every.

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The bonds is not going to bear any curiosity and have a redemption date of Nov. 9, Metaplanet introduced in a put up on X on Friday.

The agency’s bitcoin stash at present sits at 5,555 BTC ($576 million), the eleventh largest holding amongst publicly-traded corporations and the most important of companies outdoors North America.

Metaplanet shares closed 2.75% larger on Friday at 524 yen ($3.61), outperforming the Nikkei 225 which gained 1.56%.