Japanese investment firm Metaplanet (3350) said it will sell another $ 25 million bonds to EVO findings to finance further purchase 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 do not carry any interest, have a redemption date on November 6, according to a Metaplanet Post on X on Wednesday.
In a separate statement, the Metaplan said it bought 555 BTC for $ 7.63 billion ($ 53.5 million) and took its total holdings to 5,555. It is the largest Bitcoin stash among public companies outside North America, according to Bitcoin Treasuries.
The Metaplan shares added approx. 11.5% to close at 477 yen ($ 3.33) Wednesday.