Hold onto your hats, folks! Metaplanet Inc. is on a Bitcoin shopping spree like no other, snatching up 150 more BTC and catapulting their total stash to a whopping 3,200 BTC. This move is all part of their grand plan to become the king of the crypto jungle.
So, what's fueling this Bitcoin bonanza, you ask? On March 18, Metaplanet took a bold step, issuing zero-interest ordinary bonds worth a cool ¥2 billion ($13.3 million) to fund their cryptocurrency cravings. These bonds, exclusively grabbed by EVO FUND, are set to mature on September 17, 2025, but can be redeemed early with just a day's notice. It's like having your cake and eating it too!
But wait, there's more! On the very same day, Metaplanet scooped up an additional 150 BTC for a tidy sum of $12.5 million, at an average price of $83,508. This brings their total Bitcoin treasure trove to 3,200 BTC, acquired for around $266.2 million and currently valued at about $265.9 million in today's market.
Metaplanet is keeping score with something they call Bitcoin Yield (BTC Yield), and let me tell you, they're scoring big! From January 1 to March 18, 2025, their BTC yield hit an impressive 60.8%. They're on fire!
This latest buy is just another chapter in Metaplanet's epic Bitcoin buying saga. Just last week, they snagged 162 BTC for $13.5 million, and they've been on a roll with other jaw-dropping purchases throughout the year.
CEO Simon Gerovich is aiming high, with plans to secure a jaw-dropping 10,000 BTC by the end of this year and a mind-blowing 21,000 BTC by 2026. Meanwhile, Metaplanet's shares have been on a wild ride, closing slightly down but soaring an incredible 1,819% over the past year. Talk about a rocket ride!
And here's the kicker: As of March 18, Metaplanet has officially dethroned Chinese gaming giant Boyaa Interactive International to become Asia's largest corporate Bitcoin holder. They're now sitting pretty as the 12th largest Bitcoin holder worldwide. Move over, crypto world – Metaplanet is here to stay!
