Japanese funding agency Metaplanet (3350) stated it is going to promote a second $25 million of bonds to EVO FUND to fund additional purchases of bitcoin (BTC).
The Tokyo-based firm agreed to problem the debt solely days after promoting the identical quantity of bonds to the identical purchaser. The bonds, which is able to bear no curiosity, have a redemption date of Nov. 6, in accordance with a Metaplanet publish on X on Wednesday.
In a separate assertion, Metaplanet stated it purchased 555 BTC for 7.63 billion yen ($53.5 million), taking its whole holdings to five,555. That’s the largest bitcoin stash amongst public corporations exterior of North America, in accordance with Bitcoin Treasuries.
Metaplanet shares added about 11.5% to shut at 477 yen ($3.33) on Wednesday.
