Midas Capital is sitting just below a majority at BuySell Technologies, but its latest disclosure is more about how that block is tied up than about buying more stock. A June 2 change report shows Midas holding 30,277,200 BuySell shares, equal to 49.02% of outstanding stock. That ratio is unchanged from the previous report. The filing says the reporting trigger was changes to important contracts such as collateral agreements, and the filing requirement arose on May 29.
That distinction matters. A holding this large is plainly consequential, yet the document does not describe a fresh jump in ownership. Instead it updates the legal plumbing around the stake. Midas says the purpose of holding is not passive portfolio management: its representative director is also a director of BuySell, and the shares are held to participate in management while supporting the issuer as a stable, long-term shareholder.
The block itself is split between direct and partnership holdings. The report says 1,136,940 shares are counted as the representative director's direct position, while 29,140,260 shares sit in two investment limited partnerships for which Midas is the general partner. One of those funds holds 21,909,200 shares and the other 7,231,060.
Section six of the filing then turns into a compact map of pledges, releases and stock loans. It lists encumbrances across multiple brokers and banks. For one Midas fund, the report records a 1,000,000-share pledge to Shizuoka Bank dated May 29, the same day the filing requirement arose. The same section also notes earlier releases and additions with other lenders, plus stock-loan arrangements, underscoring that the disclosure was about contract changes wrapped around the holding rather than a larger equity stake.
For investors, the useful distinction is simple. Midas still sits just below half of BuySell's register, a position that is large but still short of an outright majority. What changed in this report was the collateral map around that block, not the reported ownership ratio.