😂😂😂 Metaplanet’s Bitcoin Bonanza: Riches or Ruse? 😂😂😂

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In a spectacle that would make even the czars blush, Metaplanet has, with great fanfare, acquired a further 156 Bitcoin (BTC) for a sum that would feed a small nation.

This enterprising Japanese firm, not content with its own island’s markets, now eyes the far shores of foreign listings with a glint in its eye.

The Tale of the Latest Treasure Hunt

Simon Gerovich, the CEO whose name is whispered with a mix of awe and skepticism, declared via the mysterious medium of ‘X’ that each shiny BTC was snatched at the princely sum of $85,890. Thus, the company’s hoard swells to 2,391 BTC. Q1 2025 saw a bitcoin yield of 31.8%, a modest sum compared to the preceding quarter’s astonishing 310%—a number that would make even the most jaded of gamblers gasp.

Last week, Metaplanet revealed its latest foray into the BTC market, adding 135 BTC to its coffers, after previous February jaunts netted 68 and 269 BTC respectively. Their so-called “Bitcoin Plan,” unveiled on January 28, is a grand scheme to amass 10,000 BTC by year’s end and 21,000 by the close of 2026—a plan so ambitious it might as well have been written on a napkin at a tavern.

This latest escapade follows the issuance of $13.6 million in zero-interest bonds, which one might call a bold strategy or a desperate ploy, depending on one’s level of optimism. On February 27, Metaplanet issued 40 of these curious bonds, each worth 50 million yen, amounting to a sum that would make a sailor blush.

These bonds, carrying no interest and due for full redemption on August 26, 2025, are to fund the Evo Fund, Metaplanet’s very own Bitcoin acquisition fund—a fund that seems to be eating its way through the company’s coffers like a hungry bear in a beehive.

Metaplanet’s Quest for Global Domination

This development follows Gerovich’s visit to the New York Stock Exchange (NYSE), where he presumably discussed matters of great import or perhaps just the weather, who can say?

“Metaplanet is a beacon of the future, shining brightly on the Bitcoin standard,” he opined in a March 3 post, no doubt with a straight face. He also hinted at making the company’s shares more accessible to the world, as if they were a fine wine to be savored by all.

Gerovich emphasized that this Tokyo-listed firm aims to show that Japanese companies can lead in financial innovation and value creation—or at least in the creation of grandiose plans.

Metaplanet (MTPLF) shares have been trading on OTC Markets since November 2024, a market known for its… unique opportunities. The shares have been the talk of the Tokyo Stock Exchange, soaring over 1,800% in the last 12 months—a rise so steep one might need oxygen to reach the summit.

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2025-03-04 01:41