Bitcoin Bonanza: Metaplanet and El Salvador Go Shopping! 🛒💰

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On a day that felt like any other, the Japanese investment firm Metaplanet, with the audacity of a gambler at a poker table, declared on February 25 that it had snatched up an additional 135 BTC, each costing around $96,000. One might wonder if they were buying Bitcoin or a ticket to the moon. 🚀

With this hefty $13 million purchase, Metaplanet’s treasure chest now bulges with 2,235 BTC, a hoard worth about $205 million at the current market prices. Just days prior, on February 20, they had added 68 BTC to their growing collection, as if they were collecting stamps or baseball cards.

Now, with this latest acquisition, Metaplanet has elbowed its way into the ranks of the fifteenth-largest corporate holder of BTC in the world, trailing just behind Voyager Digital, according to the wise folks at BitBO. It’s like a high-stakes game of musical chairs, and they’re determined to keep their seat. 🎶

*Metaplanet purchases additional 135 $BTC*

— Metaplanet Inc. (@Metaplanet_JP) February 25, 2025

Buying The Dip

Metaplanet seems to have borrowed a page from the playbook of Strategy — formerly known as MicroStrategy — in their quest to generate a BTC Yield, which measures Bitcoin holdings against total diluted shares. They proudly reported a BTC yield of 23.2% for Q1 2025, following a jaw-dropping 310% in Q4 2024. Talk about a rollercoaster ride! 🎢

In a move that would make any corporate raider proud, the firm issued 21 million new shares through stock acquisition rights to its EVO Fund in late January. Earlier this month, they raised 4 billion yen (a cool $26.7 million) through bonds, all to fuel their Bitcoin buying spree. Since July 2024, Metaplanet has been on a mission, aggressively increasing its BTC holdings through equity and debt financing, like a kid in a candy store. 🍬

In a twist of irony, while Metaplanet’s shares skyrocketed by a staggering 3,400% over the past year, they took a 4% tumble on February 25, as Bitcoin and the crypto markets decided to take a nosedive. It’s like watching a soap opera where the plot twists just keep coming. 📉

But Metaplanet isn’t alone in this Bitcoin bonanza. El Salvador, the little country with big dreams, added another 8 BTC to its growing pile this week, bringing its total to 6,088 BTC, worth around $560 million. It seems they’re on a mission to stack those coins higher than a toddler’s block tower. 🏗️

The stacking will continue until morale improves!

— The Bitcoin Office (@bitcoinofficesv) February 24, 2025

Just hours after announcing a successful $2 billion offering of convertible notes on February 24, Strategy revealed it had purchased the same amount of BTC, bringing its total stash to a jaw-dropping 499,096 BTC, valued at around $46 billion. It’s like they’re playing Monopoly, but with real money! 💸

Bitcoin Slumps on Trump Tariffs

However, the Bitcoin accumulation frenzy came just before the markets decided to throw a tantrum, suffering their largest hit of the year with a 13% crash in total capitalization. BTC plummeted around 10%, dropping from $96,000 to its lowest price in over three months, under $87,000. It’s like watching a balloon deflate at a birthday party. 🎈

This market meltdown followed a news conference with Donald Trump and French President Emmanuel Macron, where Trump announced his planned 25% tariffs on Canada and Mexico were “going forward on time, on schedule.” It’s as if the crypto world held its breath, waiting for the next shoe to drop. A similar crypto crash had occurred earlier this month when Trump first imposed his tariffs.

Equity markets, too, have been painted in shades of red this week, as stocks slid down the slippery slope of renewed trade tariff fears. It’s a wild ride, folks, and we’re all just along for the show! 🎭

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2025-02-25 21:28