Metaplanet’s Bold Bet: Zero-Interest Bonds to Fuel Bitcoin Bonanza! 💰🚀

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Well, folks, gather ’round because Metaplanet Inc. has decided to toss ¥2 billion ($13.3 million) into the digital coin fountain. Yes, you heard that right! This happened on March 18, and let me just say, the plot thickens in the world of Bitcoin.

Now, this isn’t just any run-of-the-mill financing move; oh no! This is part of a grander scheme to conquer the crypto world, where Bitcoin reigns supreme like a flamboyant monarch on an inflatable throne.

Details From the Bond Issuance

Here’s the kicker: these are zero-interest bonds, which means they’re about as useful as a chocolate teapot if you were expecting interest payments. Each bond has a face value of ¥50 million, akin to saying “Have some Monopoly money, good luck!”

These little paper wonders will mature on September 17, 2025, so mark your calendars! Early redemption is an option, but only if you notify them a day in advance. Because who wouldn’t want to give a business day’s notice for redeeming something that’s technically worthless? 📅

There’s even a clause that allows Metaplanet to redeem portions based on the magic number of stock acquisition rights. It’s like a game of poker but with lots of zeros and questionable decisions involved. Meanwhile, just a week prior, they pulled off a similar stunt, raising another ¥2 billion for their voracious Bitcoin appetite.

Metaplanet Buys Additional 150 BTC

But wait, there’s more! On that very same day, Metaplanet decided to splash out on 150 BTC for a cool $12.5 million. This brings their total Bitcoin stash to a jaw-dropping 3,200 BTC—worth about as much as a small tropical island, give or take. 🏝️

With a Bitcoin Yield of 60.8%, their timing seems almost prescient, like knowing when to fold in a game of poker or when to jump onto a burning bus. Meanwhile, they’ve been on a frenzied shopping spree: securing 162 BTC for $13.5 million last week, and let’s just say, it’s been a Bitcoin binge like no other.

Now, if you thought this was becoming a soap opera, CEO Simon Gerovich has thrown in his ambitious plans: 10,000 BTC by year-end and 21,000 by the end of 2026. He might as well be building a Bitcoin pyramid, and for all we know, he might just pull it off! 📈

As a fitting finale to this grand saga, Metaplanet edged past the gaming goliath, Boyaa Interactive International, making its mark as Asia’s largest corporate Bitcoin holder. It’s a moment to pop the confetti, right before it all crashes down. Cheers! 🎉

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2025-03-18 21:55