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]
Bitcoin Magazine White House Says Strategic Bitcoin Reserve Announcement Is Imminent: ‘A Breakthrough’ The White…
Bitcoin Magazine Capital B Acquires 192 Bitcoin for €13 Million, Pushes Total Holdings to 3,135…
Strategy made a mammoth $2 billion bitcoin purchase last week, but it's not lifting crypto…
The bank said accelerating advances in quantum computing are compressing the timeline for risks to…
Bittensor (TAO), down 9.6% over the weekend, joined Bitcoin Cash (BCH) as an underperformer.Read MoreCoinDesk:…
Bitcoin Magazine Iran Launches Bitcoin-Backed Insurance Service for Strait of Hormuz Shipping, Eyes $10B In…