Hold onto your hats, crypto enthusiasts, because Metaplanet is on a Bitcoin-buying spree that’s making waves in the digital currency ocean! The Japanese investment powerhouse has just upped its Bitcoin stash to a whopping 3,350 BTC after splurging on an extra 150 BTC, shelling out a cool $12.6 million. That's some serious coin collecting!
Metaplanet is not just dipping its toes into the Bitcoin waters; it's diving in headfirst with an ambitious goal to hoard 10,000 BTC by the end of 2025 and a jaw-dropping 21,000 BTC by 2026. That's right, they want to hold 1% of all the Bitcoin out there! Talk about thinking big!
In the first few months of 2025, Metaplanet has been on an acquisition tear, snagging 1,288 BTC in just 11 weeks. They’re buying Bitcoin like it’s going out of style, at an average price of $83,801 per coin, bringing their total investment to a staggering $278.8 million.
To keep track of all this Bitcoin action, Metaplanet uses a neat metric called BTC Yield, which measures the growth of its Bitcoin holdings against its shares. This metric skyrocketed by 309.8% in the last quarter of 2024 and is already at 68.3% in the first quarter of 2025. Those are some impressive numbers!
How are they funding this Bitcoin bonanza? With stock acquisition rights and zero-interest bonds, of course! In March, they redeemed $12.8 million in bonds ahead of schedule and issued another $12.8 million in new bonds. That’s some serious financial gymnastics to fuel their Bitcoin buying frenzy.
And it’s paying off! Metaplanet’s stock is soaring, trading at ¥5,060 after a 6.98% jump in just 24 hours. The company has also claimed the title of Asia’s largest publicly listed Bitcoin holder and ranks among the top 10 globally. Not too shabby!
In a twist that’s sure to turn heads, Metaplanet has appointed Eric Trump to its newly formed advisory board, aiming to boost Bitcoin adoption. CEO Simon Gerovich is pulling out all the stops, bringing in influential figures to help Metaplanet become one of the world’s leading Bitcoin treasury companies.
As Japan considers trimming crypto capital gains taxes from a hefty 55% to a more palatable 20%, Metaplanet’s bold moves could be just the beginning of an exciting crypto revolution in the Land of the Rising Sun. So, keep your eyes peeled, because the Bitcoin race is heating up, and Metaplanet is leading the charge!
