Bitcoin Mania: You Won’t Believe What Just Happened!

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So, I woke up this morning to the most astonishing news – Metaplanet has officially left Kioxia Holdings in the dust, with a market cap of $6.9 billion 🤑! I mean, who needs chips when you have Bitcoin, right? 🍟

Apparently, this Japanese firm has been on a mission to accumulate as much Bitcoin as humanly possible, and it’s been working like a charm. Their stock has skyrocketed nearly 400% in under two months, because who needs a stable economy when you have cryptocurrency? 🚀

But wait, it gets even better! On Monday, Metaplanet announced that it had purchased ¥16.9 billion in Bitcoin, because why not? And how did they fund this little shopping spree? With a newly issued $210 million bond to EVO Fund, because who needs interest when you’re making bank on Bitcoin? 💸

Now, I know what you’re thinking – this all sounds too good to be true. And you’re right, it probably is. As of June 12, short interest reached 23% of Metaplanet’s free float, which is just a fancy way of saying that a lot of people think this is all going to end in tears. 🤦‍♀️

But hey, Metaplanet is all in on this Bitcoin thing. They started buying it up last May as a response to Japan’s economic struggles, and they’ve been rapidly expanding their holdings ever since. They’re aiming to accumulate at least 210,000 BTC by 2027, because why set small goals, right? 🤯

And just in case you were wondering, Metaplanet has a whole plan in place to make this happen. It’s called the “2025-2027 Bitcoin Plan,” and it involves growing their Bitcoin reserves to 30,000 BTC by the end of this year. To finance these acquisitions, they’ll be issuing 555 million shares, because who needs a solid business plan when you have Bitcoin? 📈

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2025-06-16 15:20