Metaplanet Buys 555 Bitcoin, Raises $25 Million via Zero-Coupon Bonds to Reach 5,555 BTC—Largest Holder Outside North America

Metaplanet, a publicly traded investment firm based in Tokyo, has acquired an additional 555 Bitcoin valued at approximately $53.5 million, increasing its total holdings to 5,555 BTC. This makes Metaplanet the largest public company holder of Bitcoin outside North America. The company financed its latest purchase by issuing a second package of zero-coupon, 0% interest bonds worth $25 million to Evo Fund, with a maturity date of November 6. This follows a previous bond sale of the same amount to the same buyer. Since early 2024, Metaplanet has raised more than 35 billion yen (about $244 million) through bond issuances. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant