Hold onto your digital hats because Metaplanet is on a Bitcoin buying spree! This crypto powerhouse just added another 150 BTC to its stash, bringing their treasure chest to a jaw-dropping 3,200 BTC. It's like they're playing a game of “Go Big or Go Home” in the world of digital currency.
On March 18, Metaplanet Inc. made headlines by issuing ¥2 billion in zero-interest ordinary bonds to fuel their Bitcoin acquisitions. This savvy move is all part of their grand plan to scoop up more of that sweet, sweet cryptocurrency.
These bonds, exclusively snapped up by EVO FUND, hold a face value of ¥50 million each. The best part? They come with zero interest and can be redeemed at face value by September 17, 2025. If you're feeling impatient, early redemption is on the table with just a day's notice.
But wait, there's more! Metaplanet can also cash in on these bonds if their stock acquisition rights hit the right numbers. This follows their previous bond sale on March 12, where they raised another ¥2 billion to continue their Bitcoin shopping spree.
On the same day, Metaplanet proudly announced they snagged another 150 BTC for about $12.5 million, averaging out to $83,508 per coin. This move boosts their total Bitcoin holdings to a staggering 3,200 BTC, acquired for roughly $266.2 million. Talk about dedication!
The company keeps an eye on their Bitcoin buying success with a metric they call Bitcoin Yield (BTC Yield). So far, between January 1 and March 18, 2025, they've racked up a BTC yield of 60.8%.
Their recent purchase is just the latest in a series of bold Bitcoin acquisitions. Just last week, they picked up 162 BTC for $13.5 million at an average price of $83,123. Earlier buys include 497 BTC for $43.9 million on March 5, 156 BTC for $13.4 million on March 3, 68 BTC for $6.6 million on February 20, and 269 BTC for $26 million on February 17. Whew!
CEO Simon Gerovich has his sights set on even more Bitcoin glory, aiming to secure 10,000 BTC by the end of this year and a whopping 21,000 BTC by 2026. Despite their shares closing down slightly at ¥4,030 in Japan, Metaplanet is still riding high with a 12.73% gain year-to-date and an impressive 1,819% climb over the past year.
Oh, and just a little cherry on top—they recently overtook China's Boyaa Interactive International to become Asia's largest corporate Bitcoin holder, and they're sitting pretty at number 12 worldwide. Metaplanet is certainly making waves in the crypto ocean!
