Metaplanet plans to sell another $50 million in bonds to finance further Bitcoin purchases as it aims to expand its crypto treasury.
The Tokyo-based investment company is known as 'Asia’s MicroStrategy,' and it is issuing debt to EVO FUND for the 16th time to support its Bitcoin acquisition strategy.
Metaplanet started accumulating Bitcoin in April 2024 and aims to reach a total of 10,000 BTC by the end of 2025, positioning itself as Asia’s largest publicly traded Bitcoin holder.
Following its recent $100 million Bitcoin purchase, Metaplanet now holds 7,800 BTC valued at over $800 million, with plans for further expansion aligning with the trend set by firms like MicroStrategy in aggressive Bitcoin accumulation.