Metaplanet Announces $21M Bond Sale for Bitcoin Acquisition
Finance/Markets

Metaplanet Announces $21M Bond Sale for Bitcoin Acquisition

Metaplanet is set to raise funds through a new bond sale aimed at boosting its Bitcoin holdings, which currently stand at 5,555 BTC.

What You Should Know:

  • Metaplanet intends to issue $21.25 million in bonds to facilitate additional Bitcoin purchases.
  • On May 9, the Tokyo-based hotel firm conducted an agreement to sell the debt to EVO FUND, marking its third such issuance in a week.
  • The firm currently holds 5,555 BTC.

The Japanese hotel company Metaplanet (3350) reveals plans to sell an additional $21.25 million in bonds to finance more Bitcoin (BTC) acquisitions. This recent bond issuance will be the third in less than a week after two previous $25 million sales, as reported.

The bonds are slated for non-interest-bearing terms and will mature on November 9. Metaplanet announced this development via a post on X last Friday. With a current Bitcoin reserve valued at $576 million, it boasts the largest holdings among publicly traded companies outside North America, ranking 11th overall.

On the stock exchange, Metaplanet shares experienced a 2.75% rise on Friday, closing at 524 yen (approximately $3.61), slightly outpacing the Nikkei 225 index, which saw a 1.56% increase.

Read More: Strike CEO Mallers to Lead Bitcoin Investment Company Backed by Tether, Softbank, Brandon Lutnick

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