You Won’t Believe How Much Bitcoin Metaplanet Just Bought! 🤯

by

In a world where financial decisions can truly baffle even the most seasoned hitchhikers, Metaplanet has decided to embark on a wild Bitcoin spree, inadvertently creating a new definition of ‘shopping addiction.’ They’ve just scooped up an additional 150 shiny BTC for a wallet-shattering $12.6 million, bringing their grand total to a staggering 3,350 BTC. Yes, that’s the kind of number that could make you feel a bit dizzy, assuming you haven’t already been knocked off your feet by the sheer absurdity of modern finance. 💸

As we dive into the chronicles of 2025, the firm has been gobbling up Bitcoin like it’s the last slice of pi (the mathematical kind, not the dessert) — a total of 1,288 BTC in just the first 11 weeks. Talk about a buying binge!

Details From the Latest Purchase

According to a March 24 announcement, likely typed by someone with their fingers quaking in excitement, Metaplanet acquired the Bitcoin at a delightful average price of $83,801 each. If you were wondering, yes, they have indeed spent a jaw-dropping cumulative of $278.8 million, which could buy a small moon… or at least a ridiculously large number of towels.

They measure their success with something called BTC Yield, which sounds suspiciously like a sci-fi vegetable but is actually a fancy way to gauge how well their Bitcoin stash is faring compared to its stubbornly dilutive shares. After experiencing a wild 309.8% jump in Q4 2024, they’ve now reached a solid 68.3% in Q1 2025. We can only assume this is preparing them for quite the party if they ever decide to cash out their galactic treasure.

Read more$70 million in 24 hours: Can Ethereum crack $4,000 thanks to whales?

Financing these buying sprees? Oh, they’ve got it covered with a mix of stock acquisition rights via EVO FUND and good old zero-interest bonds. In March alone, they redeemed ¥2 billion ($12.8 million) worth of bonds ahead of schedule, apparently thinking, “Why wait to spend big when you can spend bigger?”

On a whirlwind purchasing spree, they nabbed 156 BTC on March 3, 497 BTC on March 5, 162 BTC on March 12, and then that cheeky 150 BTC on March 18. Their ambitious goal? To hoard a staggering 10,000 BTC by the close of 2025 and a flamboyant 21,000 BTC by 2026. And if they pull it off, they’ll boast ownership of 1% of all Bitcoin in existence—an accomplishment that surely calls for a celebratory dance in a dark corner of the universe.

Market Reaction and Developments

As the cosmic waves of excitement unfurl, Metaplanet’s stock is soaring high at ¥5,060, jumping 6.98% in the last 24 hours. It’s like watching a rocket launch, only with more spreadsheets. They’ve also claimed the title of Asia’s biggest publicly listed Bitcoin holder and have wormed their way into the top 10 globally. It’s almost as impressive as winning a game of intergalactic chess against a competent AI!

And just last week, they decided to spice things up further by forming an advisory board and inviting Eric Trump as its inaugural member. The details of what he will actually do remain shrouded in mystery, kind of like the last piece of dark matter in the universe. Yet, CEO Simon Gerovich waxed poetic about this being a significant leap toward their lofty goal of becoming one of the largest Bitcoin treasury companies in the cosmos.

Read moreBitcoin halving could be a ‘sell-the-news’ event, at least for a few months

Meanwhile, Japan seems to be shimmying closer to the crypto revolution, having proposed a tax reduction on crypto capital gains from a mind-boggling 55% to a much more palatable 20%. Naturally, this has the curious effect of making the whole idea of crypto a bit more lovable—like finding a cute little alien in your backyard.

Read More

2025-03-24 11:52