Metaplanet Expands Bitcoin Holdings to 2,100 BTC with $6.6M Acquisition

by

Title: “Tokyo’s Bitcoin Hoarder: Scrooge McDuck of Crypto or Financial Genius? 🪙😂”

Metaplanet Expands Bitcoin Holdings to 2,100 <a href="https://minority-mindset.com/btc-usd/">BTC</a> with $6.6M Acquisition

Ah, Metaplanet, that enterprising steward of capital, doth declare its coffers brimming with 2,100 parts of ye enchanted Bitcoin treasure, a hoard now measured at nigh $196 million! Pray tell, what wizardry causeth this largesse? E’en the gods of gold doth marvel at such crypto alchemy. ⚡

Lo, but recently did they append another morsel of 68.59 BTC, for the modest ransom of $6.6 million, scoring a bargain at $96,335 each—a price that could buy one a kingdom or, at the least, a splendid flock of geese. 🥴

0.01% of Total Bitcoin Supply? Such Humility! 😂

On February 20, their town crier did venture forth on X (formerly Twitter, for those still ensconced in the 17th century) and trumpet this revelation: “Lo! Our Bitcoin vaults now hold 0.01% of all, yes, ALL Bitcoin!” Behold such magnanimity as they lay claim to a kingdom no pauper could see. 🏰✨

This Japanese merchant house, this Metaplanet, hath exhibited more determination than a suitor singing love serenades under a balcony, as they art sworn to craft a trove of 10,000 BTC by year’s end, escalating to 21,000 BTC come 2026. Bitcoin Plan, indeed—one shudders to think how many quills were spent drafting that proclamation. 📜

Since mid-2024, like Astrologers seeking celestial compasses, they’ve hastened their purchases of Bitcoin, all in a bid to fence themselves against that most stubborn devil: inflation. To add to the comedy, their acquisitions often rival the plunder of pirate kings, the latest being a ho-hum seizure of 269.43 BTC worth a thrifty $25.6 million earlier this very week. Yawn. 😏

Oh, but cast your mind back to December 2024 when these gallant financiers undertook a feast for the ages, devouring 620 BTC worth $60.6 million. Methinks even dragons would blush at such ravenous hunger. 🐉💰

Their fearless commander, Simon Gerovich, heralded this “Bitcoin Standard” as the new gospel, crowning Metaplanet the venerated jewel of Tokyo’s Cryptoshire. And oh, how the stock did rise—4,000%, an ascent fit to make Icarus gnash his teeth in envy. Marry, the firm shall soon be knighted into the MSCI Japan Index come February 28, wherein investors shall doubtless descend like locusts upon a field. 🐦📈

Of Bonds, Schemes, and Alchemy 🧐✨

But what sorcery feeds this voracious treasure hunt? Ah, gentle reader, it is the alchemy of “capital market activities”—a far-sounding phrase meaning, “rain gold coins upon us, kind wizards.” Their Board, ever-resolute, did decree on January 28, 2025, a conjuration of 21 million stock acquisition rights, dispatched in five magical tranches to the fabled EVO FUND. And lo, thy adjustable exercise price provided none but witchcraft. 🔮

Furthermore, on February 10, bonds bereft of coupons (such stinginess!) worth 4 billion yen were whirled into existence, with all proceeds earmarked for further Bitcoin indulgence. By February 13, the entirety of these funds appeared quicker than a magician’s rabbit—though one suspects less furry. 🐇💸

But wait! Amidst this labyrinthine opera of yen and destiny, the grandest twist appeared on February 19, as Metaplanet redeemed 2 billion yen of these bonds earlier than the exchange of vows at a comedy wedding, using good funds from EVO FUND’s acquisition whims. Between February 18 and 19, a baker’s share—11%—of the stock rights hath been exercised, raising 3.02 billion yen. Fie, this aided a trifling 2.38% toward their lofty “21 Million Plan.” A snail’s pace, but perseverance must count for something, no? 🐌😂

Thus concludes our tale, dear denizens of the digital and theatrical realms—a comedy most divine, where fortunes are conjured and gold sings praises to an empire born of ones and zeroes. Long may Metaplanet hoard, and long may we jest. 🎭💎

Read More

2025-02-21 07:35