Metaplanet’s Bitcoin Bonanza: You Won’t Believe How Much They Just Bought!

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Story Highlights

  • Metaplanet increased its Bitcoin holdings to 2,391 BTC with the recent $13.4M purchase.
  • The corporation seeks 10,000 BTC by 2025, and 21,000 BTC by 2026.
  • CEO confirms talks with NYSE and Nasdaq regarding worldwide expansion.

So, Metaplanet, this Japanese investment firm, just decided to throw down $13.4 million on 156 BTC. I mean, who needs a vacation when you can buy Bitcoin, right? Now they’re sitting on 2,391 BTC like it’s a pile of dirty laundry they just can’t get rid of. They bought this Bitcoin at an average of $85,890 per BTC. Seriously, who’s pricing this stuff? It’s like buying a used car that’s been in a flood!

Since they jumped on the Bitcoin bandwagon back in April 2024, they’ve been hoarding digital assets like a squirrel in winter. Their portfolio is now worth a whopping $196.3 million. I don’t know about you, but I’d rather have a pile of cash than a bunch of digital coins that could disappear faster than my last relationship.

With this latest purchase, Metaplanet’s 2025 BTC yield is already at 31.8 percent. I mean, that’s great and all, but what does that even mean? It sounds impressive, but it’s like saying you’ve got a great personality while you’re wearing socks with sandals. Their share price jumped 21.15 percent on Monday to 4,010 yen. I guess the crypto market is like a rollercoaster—up, down, and you’re just praying you don’t throw up.

Metaplanet Strengthens Bitcoin Investment Plan

Now, how did they finance this little Bitcoin shopping spree? Oh, just by issuing some zero-coupon bonds worth 4 billion yen. Because nothing says “I’m financially responsible” like borrowing money to buy digital coins! They redeemed 2 billion yen early, which is like saying, “I’ll pay you back, but only if I feel like it.”

CEO Simon Gerovich told Bloomberg that both the NYSE and Nasdaq are knocking on their door. It’s like being the popular kid in school who suddenly gets invited to all the parties. They’re looking to float their shares to more overseas investors. Metaplanet is following in MicroStrategy’s footsteps, using Bitcoin as a corporate asset. Because why not? It’s not like there are any risks involved!

Corporate acceptance of Bitcoin is picking up steam, with 78 companies now holding Bitcoin in their treasuries. It’s like a new club, and everyone wants in. Institutional interest is building, thanks to Bitcoin ETFs. BOB co-founder Dom Harz thinks companies might even add Bitcoin to their core business activities. I mean, why not? Let’s just throw everything into the mix!

Metaplanet is sticking to its long-term Bitcoin strategy, aiming for 10,000 BTC by 2025 and 21,000 BTC by 2026. With this latest acquisition, they’re really trying to bridge the gap between traditional finance and the digital economy. It’s like trying to mix oil and water—good luck with that!

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2025-03-03 20:58