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]
US spot ETFs took in more than 14,000 BTC in five days and Q3 flows…
The market may be facing a dangerous liquidity mismatch as futures open interest outpaces trading…
Every major gained on Sunday, though bitcoin, ether, XRP and solana are all lower over…
Financial firms are partnering with specialists to build infrastructure, blurring lines between traditional and decentralized…
Direct holdings of IBIT also rose 12% to 407,890 shares, while put option exposure dropped…
Calls fell 85.2% to 148,000 underlying shares, while puts slipped 1.4% to 715,000.Read MoreCoinDesk: Bitcoin,…