The Japanese hotel company Metaplanet (3350) said it is planning to sell additional bonds of $ 21.25 million to fund additional Bitcoin (BTC) purchase.
The Tokyo-based company agreed to issue the debt to Evo Fund on May 9, making it the third such sale in a week after two editions of $ 25 million each.
The bonds do not carry any interest and have a redemption date on November 9, the Metaplanet announced in a post of X on Friday.
The company’s Bitcoin Stash is currently at 5,555 BTC ($ 576 million), the 11th largest possession of listed companies and the largest companies outside North America.
The Metaplanet shares closed 2.75% higher on Friday at 524 yen ($ 3.61), which exceeded Nikkei 225, which received 1.56%.
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