Hold onto your hats, crypto fans! Metaplanet is on a Bitcoin buying spree that's turning heads everywhere. They've just beefed up their stash with a whopping 150 BTC, bringing their total to a jaw-dropping 3,200 BTC. That's not just pocket change; it's part of an aggressive plan to corner the Bitcoin market.
Here's the kicker: Metaplanet just rolled out a cool ¥2 billion (that's $13.3 million for those keeping score) in zero-interest bonds. Yeah, you heard that right, zero interest! This cash infusion is all about piling up more of those digital gold coins we know as Bitcoin.
These bonds, pegged at ¥50 million each, won't cost you a dime in interest and are set to mature in September 2025. There's even a nifty option for early redemption if you give a day's heads-up. Plus, there's a sneaky little clause allowing the company to redeem some if they hit a certain mark with their stock acquisitions.
This isn't their first rodeo, folks. Just a few days earlier, they pulled off another bond sale for the same ¥2 billion, all aimed at expanding their Bitcoin treasure chest. On the very same day, they snagged an extra 150 BTC for roughly $12.5 million, averaging out at $83,508 per Bitcoin. With this latest purchase, Metaplanet's total Bitcoin reserves now sit at a cool $265.9 million in current market value.
Metaplanet's not just buying Bitcoin; they're measuring their success with something they call Bitcoin Yield (BTC Yield). In just the first few months of 2025, they've already clocked in a BTC yield of 60.8%. Talk about a return on investment!
This isn't a one-off deal. Metaplanet's been on a shopping spree, snapping up Bitcoin left and right. Last week alone, they grabbed 162 BTC for about $13.5 million. And that's just the tip of the iceberg! They've been consistently adding to their haul with multiple purchases just this year.
CEO Simon Gerovich isn't stopping anytime soon. He's got big plans to hit 10,000 BTC by the end of the year and a staggering 21,000 BTC by 2026. Despite a slight dip in share prices recently, Metaplanet's stock has been on a tear, climbing a staggering 1,819% over the past year.
In a thrilling twist, Metaplanet has now officially overtaken Chinese gaming giant Boyaa Interactive International, making them Asia's largest corporate Bitcoin holder and securing the 12th spot worldwide. The Bitcoin world is watching, and Metaplanet is stealing the spotlight!
