Metaplanet (3350) buys another 555 BTC, planning to issue $ 25 million

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.

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