Metaplanet Issues $21.25M Bonds for Bitcoin Purchases, Shares Rise 2.75%

Generated by AI AgentCoin World
Friday, May 9, 2025 4:45 am ET1min read

Metaplanet, a Japanese hotel firm, has announced plans to issue another $21.25 million in bonds to finance additional purchases of bitcoin (BTC). This move comes as the third bond sale in just a week, following two previous issues of $25 million each. The latest bond issuance was agreed upon with EVO FUND on May 9.

The bonds will not accrue any interest and are set to mature on November 9, as stated in a post by Metaplanet on X. The company's current bitcoin holdings stand at 5,555 BTC, valued at approximately $576 million. This positions Metaplanet as the 11th largest holder of bitcoin among publicly-traded companies and the largest holder outside of North America.

Metaplanet's shares closed 2.75% higher on Friday at 524 yen, outperforming the broader market as the Nikkei 225 gained 1.56%. This latest bond sale underscores Metaplanet's strategic focus on increasing its bitcoin holdings, a move that aligns with its broader investment strategy in digital assets.