Metaplanet Buys 555 BTC, Plans to Issue Debt for Additional Bitcoin Purchases

Metaplanet Acquires 555 BTC, Sells Second $25M Bond Tranche to EVO FUND

Japanese investment firm Metaplanet (3350) has purchased 555 additional bitcoin (BTC) in a move backed by a fresh $25 million bond sale to EVO FUND—its second such deal in just a few days.

The Tokyo-based company disclosed Wednesday that the new bonds, like the previous round, are zero-coupon and will mature on November 6. The funds will be used to expand its Bitcoin holdings.

The latest acquisition, valued at 7.63 billion yen ($53.5 million), lifts Metaplanet’s total BTC reserves to 5,555, making it the largest public holder of bitcoin outside North America, according to Bitcoin Treasuries.

Metaplanet’s aggressive accumulation strategy appears to be resonating with investors. The firm’s stock closed up 11.5% on the day, finishing at 477 yen ($3.33).

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