So Metaplanet, this Japanese investment firm—you heard of these guys?—they just scooped up another 1,241 Bitcoins. Not 1,240, not 1,242. No, they needed exactly 1,241. That’s $126.7 million for some digital coins you can’t even hold in your hand. Mazel tov! 🙄
Now they’re sitting on a total of 6,796 BTC. That’s basically Scrooge McDuck’s vault, but, you know, entirely imaginary. They say this is a “bold move,” which I guess is business-speak for “Eh, let’s just throw more money at it and see what happens.”
Apparently, they’re following some other strategy that worked for someone else. Sure! Why think for yourself when you can copy homework? Will Bitcoin’s value moon, or are they just stockpiling disappointment? Place your bets! 💸
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2025-05-12 08:14