In a move that's causing quite the buzz in the crypto world, Metaplanet just added a hefty 150 Bitcoin to its treasure chest, bringing their grand total to a whopping 3,200 BTC! That's right, folks, this company is on a Bitcoin buying spree like no other.
So, what's fueling this frenzy? Well, Metaplanet recently rolled out a hefty ¥2 billion, which is about $13.3 million, in zero-interest bonds to fund this Bitcoin shopping spree. They sure know how to make a splash! These bonds are set to mature by September 2025, but if you're quick enough, you might cash out early with just a day's notice.
And it doesn't stop there. If Metaplanet hits certain milestones with their stock acquisition rights, they might even redeem parts of these bonds. It’s like a financial game of chess, and Metaplanet's making all the right moves. Just a few days before this announcement, they had already pulled in another ¥2 billion, all in the name of Bitcoin.
With this latest purchase, Metaplanet snagged 150 BTC for around $12.5 million, averaging out to a cool $83,508 per Bitcoin. This ups their stash to 3,200 BTC, valued at approximately $265.9 million. Talk about a treasure trove!
And they're not just sitting on this pile. They're tracking their progress with something called Bitcoin Yield. From January to mid-March, they racked up a 60.8% yield. Now that's some serious return!
But wait, there's more! Last week alone, they snapped up 162 BTC for $13.5 million. And that’s on top of other jaw-dropping purchases throughout March and February. Their CEO, Simon Gerovich, has big plans to hit 10,000 BTC by the end of this year and 21,000 BTC by the close of 2026. Ambitious? Absolutely.
Metaplanet’s stock might have dipped a little, but don't let that fool you. It’s soared a staggering 1,819% over the past year. Plus, they've just claimed the crown as Asia's largest corporate Bitcoin holder, even surpassing China's Boyaa Interactive International. Globally, they're sitting pretty at the 12th spot.
It seems Metaplanet is turning heads and making waves. Keep an eye on this crypto powerhouse!
