Metaplanet Inc. is on a Bitcoin shopping spree, adding 150 BTC to its ever-growing treasure chest, now boasting a whopping 3,200 BTC! This move is part of their bold strategy to dominate the crypto scene and cement their love affair with the king of cryptocurrencies.
On March 18, Metaplanet unleashed a financial power move by issuing a hefty ¥2 billion ($13.3 million) in zero-interest bonds. Why, you ask? To fuel their Bitcoin buying frenzy, of course! These bonds, all snapped up by EVO FUND, come with an intriguing twist—they hold no interest and are set for redemption on September 17, 2025. However, if you're feeling impatient, early redemption is on the table with just a bit of notice.
This isn't Metaplanet’s first rodeo with bond sales; they previously raised another ¥2 billion on March 12 for their Bitcoin escapade. On the same day, they also snagged 150 BTC for around $12.5 million, bringing their total stash to 3,200 BTC. All this crypto magic happened at an average price of $83,508 per Bitcoin. Their BTC holdings, acquired for about $266.2 million, are now worth approximately $265.9 million. Talk about dedication!
Metaplanet is keeping tabs on their success with a crafty metric called Bitcoin Yield (BTC Yield). From January 1 to March 18, 2025, they've achieved a BTC yield of 60.8%. Not too shabby, right? Their recent Bitcoin buys are a testament to their relentless pursuit of crypto glory. Just last week, they snagged 162 BTC for $13.5 million, and earlier purchases saw them grabbing 497 BTC for $43.9 million, 156 BTC for $13.4 million, 68 BTC for $6.6 million, and 269 BTC for $26 million. That's one serious shopping spree!
CEO Simon Gerovich is on a mission. His grand plan? To lock down 10,000 BTC by the year's end and a jaw-dropping 21,000 BTC by 2026. Meanwhile, Metaplanet’s shares took a tiny dip of 0.49% to ¥4,030 on a recent Tuesday in Japan. But don't fret; the stock has seen a stellar rise of 12.73% this year and an eye-popping surge of 1,819% over the past year.
In an exciting twist, Metaplanet has now surpassed Chinese gaming giant Boyaa Interactive International, claiming the crown as Asia's largest corporate Bitcoin holder and taking the 12th spot worldwide in the crypto hall of fame. Keep your eyes peeled; Metaplanet is on a thrilling crypto journey!
