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

by

So, Metaplanet is back at it again, like a kid in a candy store, but instead of gummy bears, they’re hoarding Bitcoin. They just snagged an extra 319 BTC for a cool $26.3 million, which is like buying a yacht with Monopoly money. Each Bitcoin cost them about $82,549, which is basically the price of a small island. 🏝️

Now, their total Bitcoin stash is a jaw-dropping 4,525 BTC, valued at around $386.3 million. That’s enough Bitcoin to make even Scrooge McDuck do a double take! 💰

Relentless Bitcoin Accumulation

This publicly traded company, which is listed on the Tokyo Exchange (because why not?), has been on a Bitcoin shopping spree since 2023. They’re using every trick in the book—direct market purchases, cash-secured puts, and capital market financing. It’s like they’re playing a game of Monopoly, but they’ve got all the cheat codes. 🎲

They’ve got this fancy metric called BTC Yield, which tracks how well they’re doing compared to their outstanding shares. In Q4 2024, they reported a mind-blowing 309.8% yield. But hold your horses! In Q1 2025, it plummeted to 95.6%, and now it’s hanging out at a chill 6.5%. Talk about a rollercoaster ride! 🎢

With this latest purchase, Metaplanet has officially entered the elite club of the top 10 global corporate Bitcoin holders, leaving companies like Semler Scientific and Bitcoin Group in the dust. They now own about 0.02% of Bitcoin’s total supply, which is like having a single slice of pizza at a party of 100. 🍕

This year alone, they’ve made more than eight purchases. In March, they crossed the 3,000 BTC mark, buying 162 BTC for $13.5 million at an average price of $83,123. And on April 1, they hit the 4,000 BTC milestone after adding another 696 BTC. No, this is not an April Fool’s joke! 🎉

According to CEO Simon Gerovich, they’re aiming for 10,000 BTC by the end of the year and a whopping 21,000 BTC by 2026. That’s like saying, “I’ll have a side of fries with that,” but the fries are actually Bitcoin. To help with this ambitious plan, they’ve brought in Eric Trump, who thinks Bitcoin is “one of the greatest stores of value.” Because nothing says “financial expertise” like being the son of a former president! 🤷‍♀️

Market Reaction

Meanwhile, Bitcoin is showing some serious resilience. It’s currently trading at $84,431, down just 0.2% in the last 24 hours. But don’t worry, it’s up almost 10% over the past week, which is way better than my last diet! 🍩

Bitcoin’s market dominance is still flexing at 60.6%, leaving Ethereum in the dust at 7.07%. But let’s not forget, it’s still below its all-time high of $108,786, which was like the cryptocurrency equivalent of winning the lottery. 🎰

Read More

2025-04-15 00:55