Hold onto your digital wallets, folks, because Metaplanet is making some serious waves in the crypto ocean! This Japanese investment giant has boosted its Bitcoin stash to a whopping 3,350 BTC after splashing out on another 150 BTC for about $12.6 million. And they're not slowing down – oh no! Their sights are set on bagging 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!
This year, Metaplanet has been on a Bitcoin shopping spree like no other, adding 1,288 BTC in just the first 11 weeks. Imagine the joy of a kid in a candy store times a million! They nabbed their latest batch of Bitcoin at an average price of $83,801 each, bringing their total spend to a cool $278.8 million.
They've got a nifty way to keep track of their stash, too, using something called BTC Yield. It's a fancy metric that shows how their Bitcoin holdings are growing compared to their shares. After a stunning 309.8% jump in late 2024, the metric is sitting pretty at 68.3% in early 2025.
Metaplanet's been wheeling and dealing to fund this Bitcoin bonanza, using stock acquisition rights and zero-interest bonds. In March, they made some clever financial moves, redeeming and issuing bonds to keep their Bitcoin buying train on track. They snapped up BTC on multiple days, ensuring they stick to their ambitious Bitcoin goals.
Thanks to these bold moves, Metaplanet’s stock has seen a healthy 6.98% bump, celebrating its newfound status as Asia’s largest publicly listed Bitcoin holder. They're also rubbing shoulders with the world's top 10 Bitcoin holders. Talk about climbing the crypto ladder!
Adding some star power to their strategy, Metaplanet has welcomed Eric Trump to their newly formed advisory board. While we’re in the dark about his specific duties, CEO Simon Gerovich says the board will be packed with influential figures dedicated to boosting Bitcoin adoption. Trump's arrival is seen as a major leap toward becoming a global leader in Bitcoin treasury.
Meanwhile, Japan’s crypto scene is getting a makeover, with proposals to slash crypto capital gains taxes from 55% to 20% and classify crypto as a distinct asset class. It's like the country’s giving a big thumbs-up to the crypto revolution! Metaplanet seems to be riding this wave of change, positioning itself as a key player in the ever-evolving world of Bitcoin. Keep your eyes peeled, because this story is just getting started!
