CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

ZyCrypto 2025-05-28 21:23:20

Metaplanet Plans Another $50 Million Bond Sale To Scoop Up More Bitcoin

Metaplanet, which currently has the largest Bitcoin (BTC) stash among publicly-traded firms outside North America, said it plans to sell another $50 million in bonds to finance further BTC purchases. Metaplanet To Issue More Debt For Bitcoin Metaplanet is raising more funds through another bond issue to expand its growing crypto treasury. The bonds carry no interest and have a redemption date of Nov. 27,2025, Metaplanet announced in a post on X on Thursday. The Tokyo-based investment company dubbed “Asia’s MicroStrategy” agreed to issue the debt to EVO FUND, making it the 16th such sale to date. The Cayman Islands-based investment firm has been Metaplanet’s main backer for its Bitcoin acquisition strategy, subscribing to several rounds of Metaplanet’s zero-interest bonds, providing capital for its Bitcoin buying blitz. Metaplanet is currently Asia’s largest publicly traded Bitcoin holder and is the 11th largest globally, as per Bitcoin Treasuries data. The firm started stockpiling Bitcoin in April 2024 after adopting BTC as a core treasury reserve asset, with a stated goal of reaching 10,000 BTC by the end of 2025 . The Japanese firm has stated that its strategy is not just about “embracing digital assets, but also about pioneering a future where finance meets innovation at its core.” The debt sale announcement follows Metaplanet’s second-biggest BTC purchase, snatching up 1,004 Bitcoin worth over $100 million. This lifted the company’s Bitcoin stash to 7,800 BTC, valued at more than $800 million. Metaplanet is up roughly 20% on its Bitcoin investments. Metaplanet is notably positioning itself in the mold of Michael Saylor’s Strategy, whose aggressive Bitcoin accumulation strategy has encouraged an increasing number of publicly traded firms to follow suit. Strategy has accumulated around 580,250 BTC worth $62.3 billion. The timing of Metaplanet’s push into Bitcoin comes as the world’s oldest and largest cryptocurrency recently set a fresh all-time high of $111,814. BTC has, however, retreated to $107,631 as of publication time, according to crypto data provider CoinGecko.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.