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Metaplanet Plans a Further $21M Bond Sale to Buy More BTC
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By Jamie Crawley|Edited by Parikshit Mishra
Updated May 9, 2025, 4:59 p.m. Published May 9, 2025, 8:40 a.m.
- Metaplanet said it plans to sell another $21.25 million of bonds to fund further bitcoin purchases.
- The Tokyo-based firm agreed to issue the debt to EVO FUND on May 9, making it the third such sale in the space of a week.
- Metaplanet’s bitcoin stash currently sits at 5,555 BTC.
Japanese hotel firm Metaplanet (3350) said it plans to sell another $21.25 million worth of bonds to fund further bitcoin (BTC) purchases.
The Tokyo-based firm agreed to issue the debt to EVO FUND on May 9, making it the third such sale in the space of a week, following two issues of $25 million each.
STORY CONTINUES BELOW
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The bonds will not bear any interest and have a redemption date of Nov. 9, Metaplanet announced in a post on X on Friday.
The firm’s bitcoin stash currently sits at 5,555 BTC ($576 million), the 11th largest holding among publicly-traded companies and the largest of firms outside North America.
Metaplanet shares closed 2.75% higher on Friday at 524 yen ($3.61), outperforming the Nikkei 225 which gained 1.56%.
Read More: Strike CEO Mallers to Lead Bitcoin Investment Company Backed by Tether, Softbank, Brandon Lutnick
Jamie has been part of CoinDesk’s news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
