Metaplanet’s Bitcoin Bonanza: Shares Soar After $104M BTC Splurge

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Ah, Metaplanet! The Japanese investment firm that’s been quietly building its Bitcoin empire while the rest of us were busy trying to remember our passwords. Well, it turns out they’ve decided to go big or go home, adding a whopping 1,004 BTC to their reserves. Yes, you read that right—one thousand and four Bitcoin. They now hold a grand total of 7,800 BTC. How charming, don’t you think? 🍾

In a move that screamed “we know what we’re doing,” Metaplanet—those shrewd investors based in Tokyo—have raised their Bitcoin holdings to astronomical levels with this $104 million purchase. Now, with the average cost of each Bitcoin at a mere $97,182, their total Bitcoin investment is hovering at around $712.5 million. What a modest little sum, don’t you agree? 💰

*Metaplanet Acquires Additional 1,004 $BTC*

— Metaplanet Inc. (@Metaplanet_JP) May 19, 2025

The announcement came just as Bitcoin’s market price soared above $100,000, thanks to the usual friendly banter between the U.S. and China about tariffs. Because nothing gets people buying Bitcoin quite like international diplomacy, right? According to Metaplanet’s own website, this strategic purchase has already netted them a tidy unrealized profit of $77.4 million. Oh, the joys of timing! 😎

And what did this all mean for Metaplanet’s stock? Well, it’s now sitting pretty, up 12% on the Tokyo Stock Exchange. The company’s market cap has climbed to ¥365.12 billion (about $2.34 billion, if you’re still counting in dollars). If you want to compare that to February’s numbers, go ahead—though you may need a stiff drink to get through the sheer thrill of it all.

But wait! There’s more! With this new addition to their crypto hoard, Metaplanet is now in the same league as the likes of Jack Dorsey’s Block Inc., which holds a mere 8,584 BTC, or Coinbase, which has a slightly more impressive 9,267 BTC. Who’s counting, though? According to Bitcoin Treasuries, Metaplanet is hot on their heels. 🏃‍♂️💨

Metaplanet’s CEO, Simon Gerovich, has previously stated that they plan to hit 10,000 BTC by the end of 2025. With the latest splurge bringing them up to 7,800 BTC, they’re now at 78% of their goal. If they continue at this rate, they might just pull it off—and possibly buy themselves a small island or two. 🌴

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2025-05-19 09:45