Jananese hotel operator Metaplanet (Ticker: 3350) has announced plans to raise additional funds to expand its $BTC holdings by issuing $21.25 million worth of bonds. The debt deal was finalized with EVO FUND on May 9, marking the third bond issuance in just one week, as the company continues to double down on its crypto investment strategy.
Key Highlights:
Metaplanet has now completed three bond offerings in total: two for $25 million each and now one for $21.25 million.
The company's current $BTC holdings sit at 5,555 BTC, valued at around $576 million—making it the 11th largest $BTC holder among publicly-traded companies and the largest outside North America.
On May 9, Metaplanet's shares closed 2.75% higher at 524 yen ($3.61), outperforming the Nikkei 225, which rose 1.56%.
Metaplanet’s continued investment in Bitcoin through bond sales shows a strategic move to position crypto as a key long-term asset on its balance sheet. The company's aggressive buying spree is a strong signal of confidence in Bitcoin's future.
