In a strategic move signaling its commitment to expanding its cryptocurrency portfolio, Japanese investment firm Metaplanet (3350) has announced plans to issue a second set of bonds amounting to $25 million. The latest round of financing will also be directed towards acquiring more Bitcoin (BTC), further establishing the company’s position in the digital currency market.
Just days after its initial bond sale of the same amount to EVO FUND, Metaplanet continues to foster its investment strategies. The recently announced bonds will bear no interest and will have a redemption date set for November 6, 2025, as stated in a post by Metaplanet on the social media platform X.
In an additional disclosure, Metaplanet revealed its acquisition of 555 BTC for 7.63 billion yen (approximately $53.5 million). This significant purchase expands the company’s total Bitcoin holdings to an impressive 5,555 BTC, making it the largest Bitcoin reserve among publicly traded companies outside of North America, according to data compiled by Bitcoin Treasuries.
The strong investor interest in Metaplanet was also reflected in its shares, which surged by approximately 11.5% to close at 477 yen ($3.33) on Wednesday. This uptick in share price underscores the growing confidence among investors regarding the firm’s forward-looking strategy in the realm of cryptocurrency.
As Metaplanet continues to capitalize on the evolving dynamics of the cryptocurrency market, its proactive initiatives may pave the way for other firms considering similar investment strategies in Bitcoin and other digital assets.
