Metaplanet: Bitcoin Baron or Fool?💰
What to know:
- Metaplanet bought an additional 269.43 bitcoin (BTC) for 4 billion yen ($26.4 million), a veritable fortune in yen, darling! 🤑 Their total holdings now stand at a hefty 2,031.41 BTC.
- This Japanese company, apparently a bit obsessed with Bitcoin, started this glorious Bitcoin Treasury Operation in April 2024 and has now spent a staggering 24.9 billion yen on the cryptocurrency.
Metaplanet (3350), bless their souls, declared yet another purchase of 269.43 bitcoin (BTC), cementing their place in the hallowed halls of corporate Bitcoin hoarders. 🏛️ This latest acquisition, valued at a princely 4 billion yen ($26.4 million), brings their total stash to a grand 2,031.41 BTC.
This is all part of their ongoing Bitcoin Treasury Operations, a strategy they began back in April 2024. They’ve now sunk a cool 24.9 billion yen into the cryptocurrency, averaging a price of 12.2 million yen per BTC. Talk about a bargain! 🤑
Metaplanet’s commitment to increasing their Bitcoin yield is admirable, even if a tad obsessive. It’s like trying to win a staring contest with a particularly smug llama. 🦙 They achieved a yield of almost 310% in the fourth quarter, and their yield for the first quarter is currently a respectable 15.3%.
This Bitcoin binge follows a $745 million fundraising exercise last month, where they issued a whopping 21 million shares. They’re basically playing the Bitcoin game like a seasoned pro, much like those corporate pioneers at MicroStrategy. It seems like everyone in Japan’s financial sector is hopping on the Bitcoin bandwagon these days. Last week, energy firm Remixpoint proudly announced their 9 billion yen Bitcoin acquisition last year.
Among publicly traded companies, Metaplanet now boasts the 16th-largest Bitcoin pile, according to Bitcoin Treasuries. Their share price even jumped 2.2% to 6,040 yen on Monday. The market seems to approve of their Bitcoin madness! 🎉
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2025-02-17 13:57