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.
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.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
For readers tracking where the market is actually changing, this is the part that matters.…
The headline number is useful, but the real story is what it says about positioning.…
Bitcoin Magazine Bitcoin Exchange Inflows Spike to 49,000 BTC in a Day, Signaling More Volatility…
Bitcoin Magazine Wavespace Launches MiCA-Compliant Self-Custodial Bitcoin Debit Card Powered by Lightning and NWC Wavespace,…
For readers tracking where the market is actually changing, this is the part that matters.…
The headline number is useful, but the real story is what it says about positioning.…