In a delightful twist of fate, the Japanese Bitcoin treasury firm, Metaplanet, has decided to sprinkle a modest 2 billion Japanese yen (a mere $13.35 million) into the vast, shimmering pool of Bitcoin reserves. This audacious maneuver marks yet another chapter in their ongoing saga of digital gold acquisition that began in the balmy days of May 2024.
On this fateful day, February 27, Metaplanet, with all the flair of a magician pulling a rabbit from a hat, announced the issuance of 0% ordinary bonds worth 2 billion yen, all in the name of Bitcoin (BTC). Yes, you heard it right—this is the seventh time they’ve donned their bond-issuing cap to fund their Bitcoin escapades. 🎩✨
Metaplanet plans to release 40 ordinary bonds, each flaunting a face value of 50 million yen. These bonds, as thrilling as a flat soda, bear no interest and will be redeemable in full on the illustrious date of August 26, 2025. Mark your calendars, folks!
According to the company’s grand proclamation, the proceeds will be funneled into the Evo Fund, Metaplanet’s very own Bitcoin acquisition fund—because who doesn’t love a good fund? 💸
Continuing a Bitcoin purchase streak
Since the fateful day of May 13, 2024, Metaplanet has embarked on a Bitcoin-buying spree, indulging in 17 separate purchases, with the pièce de résistance being a whopping 619.7 BTC acquisition on December 20, 2024. Talk about a shopping spree! 🛒
As of now, the company has amassed a staggering 2,235 BTC, valued at approximately $192.4 million. Not too shabby for a firm that was founded in 1999, yet has seen its stock prices on the Tokyo Stock Exchange flounder since 2013. Ah, the irony! 🤷♂️
Metaplanet’s pivot towards Bitcoin accumulation has drawn comparisons to Strategy (formerly MicroStrategy), the US software firm co-founded by the ever-charismatic Michael Saylor, who has become something of a Bitcoin evangelist. Can we get a round of applause for the trendsetters? 👏
Bitcoin helps appreciate Metaplanet stock prices
Since diving into the Bitcoin pool, Metaplanet’s stock has skyrocketed from a humble 200 yen to a jaw-dropping 6,650 yen in early 2025, marking a staggering 3,225% increase in less than a year. Who knew Bitcoin could be such a magical elixir? 🪄
However, as with all good things, shares have since taken a breather and currently hover around 4,000 yen. A classic case of “what goes up must come down,” right?
During the February stock surge, Metaplanet announced its ambitious plans to acquire 10,000 Bitcoin by Q4 2025, with aspirations to swell its total holdings to 21,000 BTC by the end of 2026. At current market prices, that would be worth a staggering $2 billion. Now that’s what I call a Bitcoin buffet! 🍽️
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2025-02-27 14:44