Metaplanet’s Latest Bitcoin Purchase: A Quest or a Quagmire? 🧐💸
Once again, Metaplanet has decided that enough is never enough. With a purchase of a mere 1,088 BTC at an eye-watering ¥15.5 million per coin—about $108,051—one might wonder if they’ve broken some record or just the bank. The total cost, a hefty ¥16.885 billion ($117.5 million), is apparently just pocket change for them. As if that wasn’t enough excitement, they recently issued ¥8 billion ($50 million) in zero-interest bonds, because who needs interest when you can just borrow forever? 😂
In their relentless pursuit of becoming Asia’s Bitcoin overlords, Metaplanet has amassed 7,126 BTC in this year alone—more than 80% of their holdings. By the end of the year, they’re eyeing that elusive 10,000 BTC. Somewhere, a banker is crying into his latte. ☕️
This rapid growth isn’t a coincidence; it’s a carefully orchestrated dance involving bonds, capital markets, and a daring hope that everyone will think they’re smart. According to official documents, the goal is to impress shareholders and cling to some long-term Bitcoin-first strategy—presumably because Apple is so last decade.
Metaplanet’s bold moves put them alongside other giants like MicroStrategy and Twenty One Capital—proof that in the world of finance, if you can’t beat them, buy them. Seems like everyone’s cashing in on the Bitcoin bandwagon. Or maybe just trying to stay afloat. Who knows? 🤷♂️
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2025-06-02 08:39