Metaplanet’s Bitcoin Bonanza: When Hotels Turned Crypto Casinos 🎰

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What to know:

  • Metaplanet, the Japanese hotel chain that apparently decided running hotels was too mainstream, has splurged $13.5 million on 162 BTC. Because why not? 🤑
  • Not content with just buying Bitcoin, they’ve issued 2 billion JPY in zero-interest bonds. Because who needs interest when you’ve got crypto dreams? 💸

Metaplanet, once a humble hotel company, has now transformed into a Bitcoin-hoarding behemoth. They’ve acquired 162 BTC at an average price of $83,123, achieving a year-to-date yield of 53.2%. Because, apparently, hotels are so 2019. 🏨➡️💰

The BTC yield, a fancy term for “how much richer we’ve gotten in Bitcoin,” shows that Metaplanet now holds 3,050 BTC worth $253.7 million. That’s a lot of digital gold for a company that used to just make beds. 🛏️➡️🪙

To keep the Bitcoin party going, Metaplanet has issued 2 billion JPY in zero-interest bonds. Because when you’re playing with crypto, who cares about interest? At the time of writing, Metaplanet shares were trading at 3,630 yen, down almost 50% from their all-time high in February. But hey, who needs stock prices when you’ve got Bitcoin? 📉➡️🚀

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2025-03-12 11:41