Japanese hotel management firm Metaplanet has issued another $21 million worth of bonds to buy more bitcoin on the 29th of May, according to an X post by the company.
Metaplanet also issued $50 million worth of bonds on the 28th of May, as per an earlier X post.
This latest move is one of many bond issuances recently made by Metaplanet, as many companies across the world ramp up bitcoin buying as part of their corporate investment strategy.
The face value of each bond is $525,000 with a scheduled redemption date of November 28, 2025. Metaplanet holds 7,800 BTC and is the 8th largest corporate holder of Bitcoin according to CoinGecko. This is the company’s 17th series of ordinary bonds, and the entire issuance will be allocated towards the EVO fund. These bonds have no interest attached to them.
Other companies that have been buying Bitcoin include Strategy and GameStop, the latter of which has picked up 4,710 Bitcoin recently.
Metaplanet’s last purchase of Bitcoin was a buy of 1,004 BTC on the 19th of May.
