Oh joy, another company throwing cash at Bitcoin like it’s, well, actual cash π€! Japan’s Metaplanet Inc. (aka the MicroStrategy wannabe π€£) just added 696 more Bitcoin to its collection, bringing the total to 4,046 BTC. Because, why not? π€·ββοΈ It’s not like they have anything better to do with 10.152 billion yen… like, say, buying a small island π΄.
Metaplanet’s BTC Shopping Spree: All the Juicy Deets
So, here’s the scoop: Metaplanet bought those shiny new Bitcoins using cash-secured put options β fancy finance talk for “buying BTC on the cheap” π€. The average price per BTC? A whopping 14,586,230 yen (don’t worry, we won’t make you do the math π€―).
The grand total? 4,046 BTC acquired for a “steal” at 52.368 billion yen. We’re no financial experts, but that sounds like a whole lotta yen π€. Their Bitcoin Treasury Operations are basically printing money (or, you know, generating revenue π).
Q1: The Quarter of Crypto Dreams π
But wait, there’s more! Metaplanet’s Bitcoin Income Generation business raked in 770.31 million yen in operating revenue β an 11% increase from Q4 2024. Who needs a 401k when you have BTC put options, am I right? π€£
This revenue boost puts them on track to meet their 2025 goal of 3.0 billion yen from Bitcoin-related shenanigans. Fingers crossed they don’t, you know, bitcoin it all away π€¦ββοΈ.
Bitcoin FOMO: Because Everyone’s Doing It π
Metaplanet’s financial outlook is stronger than ever, all thanks to their BFF Bitcoin π€π€. They’re not alone, though β MicroStrategy (their spirit animal π) just acquired 22,048 BTC for a cool $1.92 billion. Talk about a Bitcoin bonanza! π
Fun fact: Both Metaplanet and MicroStrategy stocks recently face-planted π. Whoops? π€·ββοΈ Guess that’s what happens when you put all your eggs in the Bitcoin basket π₯… or in this case, the Bitcoin treasure chest πΉ!
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2025-04-01 11:56