Metaplanet (3350) buys 555 other BTC, plans to issue $ 25 million in bonds to buy more

The Japanese investment company Metaplanet (3350) said that it would sell a second 25 million dollars in bonds in Evo Fund to finance other Bitcoin purchases (BTC).

The company based in Tokyo has agreed to issue the debt only a few days after having sold the same bond amount to the same buyer. The obligations, which will not bear any interest, have a buyout date of November 6, according to a metaplanet post on X on Wednesday.

In a separate declaration, Metaplanet said that he had bought 555 BTC for 7.63 billion yen ($ 53.5 million), bringing his total assets to 5,555. This is the largest hiding over Bitcoin among public companies outside North America, according to Bitcoin vouchers.

Metaplanet’s shares added around 11.5% to close to 477 yen ($ 3.33) on Wednesday.

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