In what can only be described as a scene straight out of a financial comedy, Shares of Metaplanet (MTPLF) shot up like a rocket at a carnival, all thanks to a not-so-humble plan to raise a monstrous ¥770.9 billion ($5.4 billion). Seems they’ve decided the best way to spend this mountain of yen is on piling into Bitcoin faster than a squirrel on an acorn stash.
Simon Gerovich, the Big Cheese himself and CEO with a smile as wide as the South China Sea, took to the social media platform X (formerly Twitter, for the uninitiated) to reveal that Metaplanet — a hotelier turned digital gold miner — is on a mission to amass B-T-C like a squirrel hoarding the last nut before winter. Their grand plan? To get their hands on 100,000 BTC by 2026, and a whopping 210,000 BTC by 2027. With that kind of stash, they might just own a slice of the moon! 🌙
They’re issuing 555 million shares via these “moving strike warrants,” which sound like something from a botanical catalog but are actually fancy way of saying you can buy or sell BTC with a price that adjusts faster than a chameleon’s color. Truly, the financial world has become the playground of the clever and the reckless.
According to BitcoinTreasuries.net, Metaplanet is now ninth in the corporate Bitcoin rankings, just behind Coinbase. It’s quite the climb from their humble beginnings as hoteliers, now mooning with the big boys in crypto. Cheers to that!
Gerovich cheerfully adds,
“Thanks to all of our shareholders. We’re just tickled pink to be on this wild ride with you. Metaplanet is accelerating into the future — powered, of course, by Bitcoin.”
As of this writing, their shares are trading at ¥1,554, which is about 15% higher than Monday, and a thumb’s-up of 24% since Friday’s close. If this keeps up, they might need a bigger yacht! 🚤
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2025-06-09 21:22