In a universe not so far away, Japan’s Metaplanet has decided that 150 BTC is just the right amount of digital currency to add to its already impressive collection of 3,200 BTC. This delightful acquisition came hot on the heels of a ¥2 billion ordinary bond issuance to EVO FUND, because why not throw some bonds into the cosmic mix? 🚀
In a recent company notice that probably took longer to write than it did to make the purchase, the Japanese investment firm proudly announced that it has recently bought 150 BTC (yes, that’s Bitcoin, not a new type of sushi) at an average price of ¥12.5 million ($83,611) per Bitcoin. Apparently, this is all part of their grand plan to expand their Bitcoin Treasury Operations, which sounds suspiciously like a fancy way of saying they want to hoard more digital coins. 💰
As of the latest cosmic update, Metaplanet’s Bitcoin investments have reached a staggering total of 3,200 BTC, which translates to more than $266 million at current market prices. That’s a lot of zeros, folks! 🤑
According to the ever-reliable data from crypto.news, Bitcoin has taken a slight dip of 0.24% in the past 24 hours. It’s currently trading at $83,323, which is a number that makes you wonder if you should be investing in Bitcoin or just buying a small island instead. The largest cryptocurrency by market cap has seen a 3.5% increase in the past week, but don’t get too excited; it’s down 14% for the month. Talk about a rollercoaster ride! 🎢
According to the notice, Metaplanet’s BTC yield, which measures the amount of Bitcoin held per share (and sounds like something you’d hear in a sci-fi movie), grew by a whopping 309.8% in Q4 2024. Meanwhile, in the first quarter of 2025, from January 1 until March 18, Metaplanet’s yield rose from 53.2% to 60.8%. It’s like watching a plant grow, but with more numbers and less dirt. 🌱
Earlier today, Metaplanet issued ¥2 billion worth of ordinary bonds to EVO FUND, marking the ninth issuance of ordinary bonds from this ambitious Japanese firm. According to the filing, they plan to use the funds generated by the bond issuance to buy even more Bitcoin. Because clearly, one can never have too much Bitcoin, right? Despite this, Metaplanet’s shares fell by 0.5% to a price of ¥4,030, according to Google Finance. It’s like watching a balloon slowly deflate. 🎈
Since April 2024, Metaplanet has been on a gradual quest to acquire more BTC after launching its own Bitcoin Treasury Operations. Often dubbed the “Asian Strategy (formerly MicroStrategy),” this Japanese firm has been steadily growing its Bitcoin holdings. Since it started purchasing Bitcoin in April 2024, Metaplanet’s stock price has skyrocketed by more than 3,000%. It’s almost as if they’ve discovered the secret to the universe—or at least to making money in the crypto world! 🌌
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2025-03-18 13:51