Michael Saylor’s Bitcoin Drama: Metaplanet’s Next Move? You Won’t Believe This!

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Ah, Michael Saylor, the ever-enthusiastic founder and Executive Chairman of the Bitcoin-driven enterprise known as Strategy, has taken to the digital ether once more. With a flourish of his fingers, he has tweeted a not-so-subtle nudge to Metaplanet and its chief executive, Simon Gerovich, as if to say, “Dear Simon, isn’t it time you bought some more Bitcoin?” One can almost hear the dramatic music playing in the background.

In a twist worthy of a soap opera, Saylor pointed out the meteoric rise of Metaplanet’s stock price following their recent Bitcoin acquisition. It seems that the mere mention of Bitcoin can send investors into a frenzy, much like a cat spotting a laser pointer.

Saylor’s Spotlight on Metaplanet’s Stock Surge

With the flair of a magician revealing his tricks, Saylor shared a TradingView chart that depicted the stock price of Metaplanet (TSE) soaring like a bird released from its cage. Over the past 24 hours, TSE has jumped by a staggering 10.6%, reaching 783 JPY per share. Investors, it appears, are feeling quite optimistic about the company’s newfound Bitcoin obsession. Who knew that digital currency could be so exhilarating?

“What’s up with Metaplanet, Simon @Gerovich?” Saylor tweeted, as if he were a concerned friend checking in on a buddy who just got a new haircut. In a delightful twist, Simon Gerovich responded, emphasizing the pivotal role of Bitcoin in Metaplanet’s success: “Bitcoin is the key. Metaplanet unlocked.” One can only imagine the dramatic pause before he hit ‘send’ on that tweet.

Bitcoin is the key. Metaplanet unlocked.

— Simon Gerovich (@gerovich) May 20, 2025

On March 19, Metaplanet made headlines by announcing the acquisition of 1,004 BTC for a cool $104.3 million, raised from investors by issuing debt. It seems they have fully embraced Saylor’s strategy of accumulating Bitcoin with borrowed funds. Now, with a total of 7,800 BTC worth a jaw-dropping $802.9 million, one can only wonder if they have a secret Bitcoin fairy working overtime.

Strategy Buys More BTC and Gets Slammed with Lawsuit

Meanwhile, in the parallel universe of Strategy, the same day saw them publicly announcing their own acquisition of 7,390 Bitcoins, shelling out approximately $764.9 billion. After this extravagant purchase, Saylor’s firm now boasts a staggering 576,230 BTC valued at $60,564,308,412. Yes, you read that right—those zeros are not a typo!

Later that day, Saylor couldn’t resist bragging on his X account about how Strategy had delivered a 4.8% BTC yield, resulting in a delightful $2.7 billion gain. However, as fate would have it, the universe had other plans. A class action lawsuit was filed against Strategy and its key executives—Saylor, CEO Phong Le, and CFO Andrew Kang—by a group of MSTR investors, claiming that the company had been less than truthful about its Bitcoin investment strategy. Oh, the irony!

In response, Strategy vowed to mount a vigorous defense against these claims, as if they were preparing for a duel at dawn. Meanwhile, MSTR shares took a 2% nosedive in pre-market trading, proving once again that the stock market is a fickle mistress.

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2025-05-20 11:52