Hold onto Your Hats! Metaplanet’s Bitcoin Bonanza is Here! 🚀💰

• Japan’s Metaplanet is on a wild quest to snatch up a whopping 21,000 BTC by 2026! 🤑
• Since last November, the firm’s shares have skyrocketed by nearly 250%! Talk about a rollercoaster ride! 🎢

Meet Japan’s very own ‘MicroStrategy’—the cheeky Metaplanet! They’ve managed to rake in a jaw-dropping $760 million (that’s ¥118 billion for those counting in yen) to fuel their ambitious 10K BTC treasure hunt for 2025. 🏴‍☠️

As Asia’s top Bitcoin cheerleader, this firm has taken a page right out of MicroStrategy’s playbook—borrowing like there’s no tomorrow and issuing equity like it’s confetti to gobble up BTC and make shareholders do a happy dance! 💃🕺

Just like MicroStrategy’s 21/21 program, Metaplanet has launched its own zany scheme to issue 21 million shares and raise a mountain of cash to snag 10K BTC by the end of 2025. Here’s a snippet from their grand announcement:

“Metaplanet issues 21 million shares of 0% discount moving strike warrants, proceeds to raise approximately ¥116 Billion to purchase additional $BTC; largest capital raise in Asian equity markets history to buy BTC”

By 2026, they’re aiming to join the elite 0.1% BTC holders club. Fancy, eh? 🎩

Metaplanet’s 7000% Growth: A Tale of Epic Proportions!

Since they decided to hop on the BTC bandwagon back in April 2024, Metaplanet’s market cap has exploded by a staggering 7000%! 💥

This meteoric rise has validated their strategy, with the firm’s head of BTC wizardry, Dylan LeClair, declaring they’re net long on BTC. Sounds fancy, doesn’t it? 🧙‍♂️

“Our mission is to maximize Bitcoin per share for our shareholders. Bitcoin is not just an asset; it’s the exit strategy. We’re here to accumulate and lead, not sell”

And guess what? Metaplanet’s stock has soared by 245% since November, jumping from a mere $10 to a dazzling $30 before settling at a cool $28. Meanwhile, BTC itself has gained a modest 57%, making Metaplanet look like the star of the show! 🌟

As institutional FOMO (Fear of Missing Out, for the uninitiated) spreads like wildfire over BTC, the demand could send the king coin soaring even higher! Currently, Metaplanet holds 1.76K BTC, worth over $180 million at today’s prices. Not too shabby, eh? 💸

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2025-01-30 05:14