Why Metaplanet’s Bitcoin Bargain is the Talk of the Town! 💰

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  • Ah, Metaplanet, in its infinite wisdom, sought an extra $13M to snatch up ‘cheap’ BTC! 🤑
  • Lo and behold, their investors are basking in riches, far better off than those poor souls at MSTR! 😂

Metaplanet, that cheeky little rascal dubbed the Japanese MicroStrategy, has decided to issue yet another convertible bond, raising a princely sum of 2B Yen (about $13.6 million) to seize the golden opportunity of Bitcoin‘s descent below the lofty heights of $80K. Oh, the audacity! 🎩

In a moment of sheer brilliance, Dylan LeClair, the BTC Strategy Officer at Metaplanet, proclaimed that they were indeed eyeing this delightful discount sale. How noble! 🧐

“Time to buy the dip, $BTC,” he declared, as if he were a modern-day oracle! 🔮

Meanwhile, Simon Gerovich, the esteemed CEO of Metaplanet, explained their cunning choice of the bond route over selling shares, all in the name of preserving ‘shareholders’ value.’ A true knight in shining armor! 🛡️

“Instead, we leveraged 0% interest on bonds to secure capital to continue accumulating Bitcoin while preserving shareholder value,” he said, as if he were reciting poetry! 🎭

Metaplanet BTC holding crosses 2K! 🎉

As of February 2025, the company proudly boasted a holding of 2,235 BTC (worth over $180M), crossing the illustrious 2K mark for the very first time this year. Bravo! 👏

Last summer, the firm adopted the BTC strategy, following the illustrious playbook of Strategy (formerly MicroStrategy), using debt and selling shares to raise capital for BTC buys. Since then, their shares have surged to a staggering +1300% by mid-February. What a spectacle! 🎢

Despite the recent decline in BTC, Metaplanet’s shares still bask in glory, up 930% from last summer. A true testament to their prowess! 🌟

In fact, they experienced the smallest plunge compared to the grand misadventures of MicroStrategy’s MSTR and BTC this year. Year-to-date (YTD), Metaplanet was down a mere 4.8%, while MSTR wallowed at -17% and BTC at -15%. Oh, the drama! 🎭

However, on a YoY (year-on-year) basis, the company’s shares soared by 1,640% compared to BTC’s modest 28% and MSTR’s 150% gains. A veritable triumph! 🏆

Simply put, BTC investors seeking indirect exposure through Metaplanet are undoubtedly better off than their MSTR counterparts. A round of applause for our clever investors! 👏🎉

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2025-02-28 18:19