Metaplanet Buys More Bitcoin: A Fortune in the Making or a Fools’ Errand?

Well, here we are again, dear reader. Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF) – the company that’s slowly turning into a bitcoin hoarder, much like your eccentric uncle who still insists on burying gold coins in the backyard – has gone ahead and announced the acquisition of an additional 330 BTC. This purchase is part of their ongoing Bitcoin Treasury Operations, which is, frankly, just corporate speak for “let’s see if we can turn this cryptocurrency thing into a treasure chest before it all crashes.”

The latest batch of bitcoin was scooped up at the *oh-so-reasonable* price of 12,181,570 yen per bitcoin, which, when added up, totals a staggering 4.020 billion yen. Yes, billion with a “B”. Let that sink in while you contemplate the number of flat whites that amount could buy in a Tokyo café. With this most recent splurge, Metaplanet’s total bitcoin holdings have swelled to a healthy 4,855 bitcoins, at a not-so-shabby average purchase price of 12,804,361 yen each. That’s a grand total investment of 62.165 billion yen. Talk about a bold strategy!

Of course, Metaplanet has seen a ‘modest’ BTC Yield of 12.1% for the quarter (April 1, 2025, to April 21, 2025). This is a bit of a dip compared to the rather show-off-y yields of 41.7%, 309.8%, and 95.6% from previous quarters – but hey, who’s counting? The company claims these efforts are all about increasing shareholder value, but we’re starting to suspect they might just be having a bit of fun with all that digital gold.

It’s clear – Metaplanet is playing the long game, or perhaps the “it’s all just a very expensive game of Monopoly” game. Either way, we shall watch with bated breath (and a touch of skepticism) as the crypto rollercoaster continues. 🎢

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2025-04-21 09:57