Metaplanet to Issue $21.25 Million in Bonds for Bitcoin Purchases

Japanese hotel firm Metaplanet (3350) plans to issue $21.25 million in bonds to finance additional bitcoin purchases. This follows two recent bond issues of $25 million each, all sold to EVO FUND.

The bonds are interest-free and due for redemption on November 9.
Metaplanet currently holds 5,555 BTC, valued at $576 million, ranking as the 11th largest bitcoin holder among publicly-traded companies.
On Friday, Metaplanet shares closed at 524 yen ($3.61), up 2.75%, outperforming the Nikkei 225 index which increased by 1.56%.