In the bustling streets of Tokyo, where the neon lights flicker like a thousand lost dreams, the investment firm Metaplanet Inc. has made yet another bold move. The firm, known for its uncanny ability to snatch up Bitcoin like a hungry man grabbing the last slice of pizza, has acquired an additional 1,088 BTC as part of its grand Bitcoin Treasury Operations.
It’s no surprise that Metaplanet paid a tidy sum for this batch, with an average price of 15.5 million yen per Bitcoin, bringing the total transaction value to a whopping 16.88 billion yen, or $117.5 million. Just imagine the mountain of yen that could’ve been spent on something far less digital—like a fancy sushi dinner for a thousand.
Metaplanet Doubles Down on Bitcoin: Because Who Needs a Traditional Portfolio Anyway?
Metaplanet’s strategy, it seems, is nothing short of audacious. With the latest purchase, its average cost per Bitcoin now sits at 13.75 million yen, and the total sum spent on Bitcoin has reached 122.269 billion yen. The company now holds a staggering 8,888 BTC—almost enough to make even the most seasoned investor sweat. This is all part of Metaplanet’s ingenious plan to, well, not just play the game but *dominate* it. And the target? A mere 10,000 BTC by 2025. A modest goal for the company that’s already leading Asia in Bitcoin holdings.
They’ve clearly been taking notes from the big leagues—Michael Saylor’s playbook and a dash of Strategy’s corporate wisdom. Since adopting this bold move in April 2024, Metaplanet has shot up like a rocket to become the 10th-largest public company in the world holding Bitcoin. Not too shabby for a firm that started in Tokyo.
Today, Metaplanet’s shares rose by 9.75% on the Tokyo Stock Exchange, closing at 1,171 yen. For those who keep score, that’s a 236% increase year-to-date. If this keeps up, they might just buy enough Bitcoin to start their own virtual country!
$21M Bond Deal: Because Why Not Add Some Bonds to the Mix?
But wait, there’s more! Metaplanet, never one to shy away from a financial stunt, recently announced a $21 million bond deal. These bonds are zero-coupon—meaning, no interest. That’s right, zero. Nada. Nothing. It’s like borrowing money from your friend and promising to pay them back—just with no interest or deadlines. Very generous, don’t you think?
The bonds, set to mature in 2025, come with a face value of $525,000 each. If Metaplanet feels like it, they can redeem them early, just by notifying Evo Fund five days in advance. No pressure, right? Of course, this financial wizardry is all part of Metaplanet’s master plan to accumulate Bitcoin without irritating shareholders by diluting their equity. Clever, no?
And for those curious souls wondering about the legalities, these bonds are perfectly legal within Japan’s corporate framework. They come with no guarantees, no third-party supervision—just pure, unadulterated financial innovation. The payment process? Handled in Metaplanet’s Tokyo office. Simple, straightforward, and likely accompanied by a nice cup of green tea.
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2025-06-02 11:56