Metaplanet’s Bitcoin Bonanza: 162 Coins and Counting! 💰🚀

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In a twist of fate that would make even the most seasoned fortune teller raise an eyebrow, Metaplanet has decided to indulge in a little retail therapy, acquiring an additional 162 BTC for a staggering $13.5 million. Who knew that digital coins could be so enticing? 💸

With this latest shopping spree, the company’s Bitcoin treasure chest now gleams with a total of 3,050 BTC. One can only imagine the glee of CEO Simon Gerovich as he announced this on X, likely while sipping a fine cup of coffee brewed from the beans of financial success.

Details of The Purchase

In a post that could rival the most dramatic of soap operas, Gerovich revealed that the Japanese investment firm splurged approximately $13.5 million on this latest acquisition, paying an average of $83,123 per coin. A price that surely makes one wonder if the coins were sprinkled with fairy dust! ✨

At the current market rates, Metaplanet’s Bitcoin holdings are valued at a jaw-dropping $249.4 million, while the total cost of this digital treasure hunt stands at around $253.7 million. Ah, the sweet taste of financial irony! 🍭

Since embarking on this Bitcoin acquisition escapade in April 2024, the firm has been on a roll, purchasing nearly 1,300 BTC in 2025 alone. Just last week, they snagged 497 BTC for $43.9 million, proving that their shopping cart is always full. Other recent purchases include 156 BTC for $13.4 million and 68 BTC for $6.6 million. It’s like a never-ending sale on digital gold! 🛒

With ambitions as grand as a Russian novel, Gerovich has declared that the company aims to hoard 10,000 coins by the end of this year and reach a staggering 21,000 by the end of 2026. One can only hope they have a sturdy vault! 🔒

To keep track of their financial escapades, the firm employs the Bitcoin Yield (BTC Yield), a performance indicator that has seen more ups and downs than a rollercoaster. Between July and September 2024, they boasted a 41.7% BTC Yield, which skyrocketed to 309.8% in the fourth quarter. So far in 2025, they’re sitting at a modest 53.2%. Talk about a wild ride! 🎢

Metaplanet Stock Price Surges

In the wake of this latest Bitcoin binge, Metaplanet’s stock price has surged by 8.68% to JPY 3,630, according to the ever-reliable Google Finance. It seems the market is as excited as a child in a candy store! 🍬

The company has been diligently growing its reserves through its Bitcoin Treasury Operations, which officially became a business line on December 18, 2024. A strategic move that surely has the board of directors patting themselves on the back.

As part of this initiative, Metaplanet’s board has approved the issuance of its 8th series of ordinary bonds to EVO FUND, valued at JPY 2 billion (approximately $18.2 million). This announcement, made earlier today, is expected to directly fund further Bitcoin purchases. Because why not keep the party going? 🎉

This development comes just two days after Strategy (formerly MicroStrategy) revealed its plans to raise $21 billion for Bitcoin acquisitions. It seems the race for digital riches is heating up, and everyone wants a piece of the action!

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2025-03-12 15:57