Bitcoin Bonanza!
Metaplanet, that endearingly eccentric Japanese investment firm, has gone and done it again! They’ve snagged another 162 Bitcoin, bringing their grand total to a whopping 3,050 BTC. 🎉 Think of it as a digital hoard, a Satoshi-stuffed treasure chest! This marks the first time their Bitcoin stash has breached the hallowed 3,000 BTC barrier, making them the envy of every crypto-obsessed cat in the world. 😹
Apparently, they paid a cool 12.39 million yen per Bitcoin (that’s about $83,635 for you plebeians) on March 12th. They’re just *so* committed to this whole Bitcoin Treasury Operation thing. In fact, with this latest Bitcoin binge, Metaplanet now boasts a Bitcoin fortune worth almost $250 million. Not bad for a company that’s been compared to a slightly less-than-stellar MicroStrategy (now known as Strategy 🤔).
*Metaplanet Purchases Additional 162 $BTC*
— Metaplanet Inc. (@Metaplanet_JP) March 12, 2025
Metaplanet began their Bitcoin accumulation spree back in April 2024, and since then, their stock price has skyrocketed like a rocket on helium. We’re talking a 3,000% increase! 🤯 They’re the darling of the Japanese stock market, the poster child for Bitcoin-fueled success.
At the time of writing, Bitcoin is doing its usual dance, up a couple of percent but still licking its wounds from the recent price dip. Remember that glorious $90k high? Ah, the memories… 😔 But fear not, dear investors, for Bitcoin is a phoenix rising from the ashes, or at least that’s what we tell ourselves.
Bitcoin is currently trading at about $81,665. It’s had a rough week, down 6.4%, and even rougher month, down 16%. But hey, at least it’s not going to zero, right? 🤞
Metaplanet’s Bitcoin Yield – that’s the amount of Bitcoin they hold per share – has been skyrocketing like a Shiba Inu on a sugar rush. In Q4 2024, it jumped by a staggering 309.8%! And in the first quarter of 2025, it’s already at a cool 53.2%. Talk about a bull market! 🐂
As for Metaplanet’s stock price, it’s been on a tear. Since they started buying Bitcoin, it’s gone up by over 3,000%, making it the best-performing stock in Japan. On March 12th alone, it jumped 8.6% or 290 points to a whopping $3,630. Their market cap? A cool $141.8
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2025-03-12 10:17