Metaplanet, a Japanese investment firm, plans to sell a second $25 million in bonds to EVO FUND to facilitate further Bitcoin purchases. The Tokyo-based firm secured this offering shortly after issuing an earlier tranche of the same amount.

Key Points:

• The new bonds will not accrue interest and will be redeemable by November 6.
• Metaplanet recently acquired 555 BTC for approximately 7.63 billion yen ($53.5 million), increasing its total Bitcoin holdings to 5,555 BTC, marking the largest public company stash outside of North America.
• Following these developments, Metaplanet’s shares rose about 11.5%, closing at 477 yen ($3.33) on Wednesday.

For more detailed insights, visit CoinDesk.
Bitcoin price here.
Metaplanet

Tokyo-based Metaplanet will sell more debt to fund BTC purchases. (Jaison Lin/Unsplash)