Crypto Circus: Metaplanet’s Wild Bitcoin Ride and the Quest for 10,000 BTC 🎢

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Crypto Circus: Metaplanet’s Wild Bitcoin Ride and the Quest for 10,000 BTC 🎢

Well, it seems our friends at Metaplanet have decided to throw a coin in the fountain of Bitcoin dreams. They’ve just gobbled up 1088 more BTC, bringing their grand total to 8,888. Why stop there? Perhaps they’re aiming for the lucky number, or just trying to outdo Dorsey’s Block, Inc. — because who doesn’t love a good competition? 🤑

Here’s the breakdown: BTC$104 606, with a 0.6% daily shuffle in the market — as if markets ever sit still — and a market cap that reads like a phone number: $2.08 trillion. Super impressive, if you’re into that sort of thing.

And let’s not forget the golden goose: a 225% yield since January. Yes, you read that right. Jack Dorsey, take a seat; Metaplanet just jumped ahead in the crypto race, with the elegance of a swan and the patience of a cat watching a mousehole.

*Metaplanet Acquires Additional 1,088 $BTC, Total Holdings Reach 8,888 BTC*

— Metaplanet Inc. (@Metaplanet_JP) June 2, 2025

Almost at the Magic 10,000 BTC — Just a Few More Coins to Go 🪄

Earlier this year, the Japanese firm announced its ambitious plan to hit 10,000 BTC before the year’s end. Back then, their pile was less original — under 2,000. Now, with their recent spree, they’re nearly at 90%, like a student circling the 90% mark on a report card, eyes gleaming with hope and greed.

And what do you know? They’ve leapfrogged Dorsey’s Block, Inc., just like that guy in a race who suddenly decides to sprint at the last minute while everyone else is catching their breath. Oh, and they also raised $70 million last week from bonds. No time wasted! Just a quick deployment into Bitcoin — because who needs sleep?

Watching the stock? It’s up another $4, crossing 1,110 JPY, ready to chart new highs. Meanwhile, tremors shake the Japanese bond market, yields soar above 3%, and still, Metaplanet’s stock is up by an eye-popping 155% in a month. Someone’s doing something right, or at least pretending to.

Bitcoin Yields Like a Propaganda Poster — 225% and Proud!

Metaplanet’s CEO Simon Gerovich, in a tone that suggests both pride and mild amusement, shared their second-quarter Bitcoin yield — a mighty 66.3%. Year to date? An astonishing 225%. That’s more than most people can dream of, unless your dreams involve becoming a Bitcoin mogul with a lemonade stand.

📢 BTC Yield Update

🟧 2025 Q2 BTC Yield: 66.3%🟧 YTD: 225.4%🟧 Target for the year: 35% per quarter — because apparently, they’re trying to beat the laws of physics.

Bitcoin and the Future 🚀$MTPLF…

— vincent (@vincent13031925) June 2, 2025

Adding spice to the stew, the market’s organic mNAV has settled back at 4.75, thanks to their “robust” treasury management. Market analysts? Oh, they think the stock’s still undervalued, despite the meteoric rise. Well, what do they know? Just a bunch of numbers and opinions.

The company’s Bitcoin strategist, Dylan LeClair, claims the BTC rating is now 11.11x — better than a credit rating, he assures us. Because who needs credit when you have Bitcoin? 💸

BTC Rating is better than a Credit Rating.

— Dylan LeClair (@DylanLeClair_) June 2, 2025

Last week, LeClair declared their devotion: Bitcoin isn’t just a hedge or a small 1-2% flavor in the investment soup. No, sir. They’re all-in, as if the world depends on it, which perhaps it does — or at least, they think so.

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2025-06-02 15:56