Japanese Company Goes All-In: $119M More in Bitcoin—Have They Lost Their Minds?

by
  • Metaplanet just spent $119 million on Bitcoin. 6,796 BTC. Yeah, they bought even more. Because why not? 🥸
  • Now they’re swimming in $583M worth of Bitcoin, with an average cost of $85,600 each. I mean, who DOESN’T buy thousands of Bitcoin when they’re feeling frisky? 💸
  • BTC Yield: 95.6% growth. Shareholder value soaring. Everybody’s thrilled, or at least pretending to be at the meetings. 🚀

Metaplanet, this mysterious Tokyo company, is living out every crypto bro’s fever dream. On May 12, 2025, they publicly blurted out, “Hey everyone, we just dropped another $119 million on Bitcoin!” Like buying Bitcoin is toilet paper—they just can’t get enough. 1,241 Bitcoins for almost $95,700 a pop. Don’t try this at home, kids.

Metaplanet Bitcoin Holdings Reach Worth $583M

So here’s the wallet flex: Metaplanet now owns 6,796 BTC, bagged at an average of about $85,600 each. That’s $583 million, or as they say in Japan, “a whole lotta yen.” I can practically hear their accountants sobbing into their calculators.

There’s a “strategy” here—supposedly. The brilliant plan is to boost shareholder value using something called BTC Yield (very official, lots of graphs). In Q1, yield jumped 95.6%. By April, up another 38%. Who needs coffee when you’ve got numbers like that?

On May 9, Metaplanet says, “Oh, by the way, let’s issue $21.25 million in bonds, because what’s more fun than buying more Bitcoin? Buying more Bitcoin with other people’s money!” All of the bond money goes right into—yep, you guessed it—more Bitcoin. Subtle, these guys aren’t.

The company is also introducing these things called “0% Ordinary Bonds.” That means, brace yourself, you don’t get any interest. Zilch! You just get your money back later. Maybe. If you ask nicely. And you can settle early, but you’ve gotta call first like you’re canceling cable. So considerate.

Metaplanet Builds Strong Crypto Position Through Smart Moves

To push this Bitcoin thing, Metaplanet is doing the financial cha-cha with bonds and stock rights. People keep comparing them to Strategy (the artist formerly known as MicroStrategy)—except, you know, Strategy owns 80 times more Bitcoin. But Metaplanet? Their value is climbing faster thanks to their “BTC Yield” and something called, apparently, “not being subtle.”

And get this—just days before this bonanza, on May 7, they casually picked up 555 more Bitcoins. $54.4 million. Average price: $96,134 per coin. Probably didn’t even flinch. If I spend $6 on lunch, I check my bank balance.

The whole approach? Buy Bitcoin. Issue weird bonds. Boast about “strategy.” Repeat. Apparently, Metaplanet’s plan is to corner the crypto market… or go broke trying. Will this gamble pay off? Will the accountants revolt? Will Larry ever understand why anyone needs this much Bitcoin? Stay tuned, folks.

Read More

2025-05-13 00:00