Move over, boring US miners-there’s a new Bitcoin boss in town. And surprise, it’s Japanese! 🇯🇵 Metaplanet just flexed its crypto muscles by boosting its Bitcoin stash beyond 20,000 BTC, officially kicking Riot Platforms out of the global top six corporate Bitcoin holders club. Take that, America! 💪
So here’s the tea: Metaplanet announced on Monday (because who works weekends?) that it splurged $112 million to buy an extra 1,009 BTC. That’s right, folks-at an average price of $111,000 per Bitcoin, they’re treating BTC like it’s discounted sushi at a Tokyo market. 🍣💸
“Sorry Riot Platforms, You’ve Been Served” 🍕
This latest shopping spree pushes their total holdings above 20,000 BTC, with a jaw-dropping acquisition cost of $2.06 billion (or ¥302.3 billion if you’re feeling fancy). Just last week, they added 103 BTC to their wallet, proving that when it comes to Bitcoin, patience isn’t part of their vocabulary. Their motto seems to be “buy now, think later.” 😎
According to BitcoinTreasuries.net, Metaplanet now owns more Bitcoin than Riot Platforms, a US-based mining company that probably didn’t see this coming. Oh, and for Q3 2025, Metaplanet reported a BTC Yield of 30.7%. Translation? They’re tying shareholder value to Bitcoin like it’s a second mortgage. Bold move-or brilliant strategy? You decide. 🤔
But wait, there’s more! To fund their Bitcoin obsession, Metaplanet got creative. In August, they issued their 20th round of stock options to something called EVO FUND, creating 60 million shiny new shares. The cash from this little financial magic trick went straight into buying more Bitcoin and paying off some corporate bonds early. Efficient or slightly unhinged? Both, probably. 🧮✨
And how did the market react to all this drama? *Crickets.* On announcement day, Metaplanet’s shares closed at 831 yen, down 5.46% from the previous day. So much for gratitude, investors. 😒
Still, Metaplanet has cemented its spot among the world’s biggest corporate Bitcoin hoarders. The company says it plans to keep scooping up Bitcoin as long as its capital strategy-and the whims of the market-allow. Investors and crypto enthusiasts are watching closely because let’s face it, this is the most exciting thing to happen to Japan since karaoke. 🎤📈
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2025-09-01 17:21