Metaplanet Hits ¥50B: Toyota Who? 🚗💰

In a twist that could only be described as delightfully absurd, the Japanese hotel developer and bitcoin treasury firm Metaplanet has galloped past the ¥50 billion mark (or $332.6 million, if you prefer your numbers in a less whimsical currency) in traded value on the Tokyo Stock Exchange. Yes, you heard that right! They’ve managed to leapfrog over Toyota, the world’s largest car manufacturer, much to the chagrin of every car aficionado who thought they were safe in their automotive bubble. 🚗💨

This astonishing feat was announced by the company’s CEO, the ever-enthusiastic Simon Gerovich, on a Monday—because what better way to start the week than with a financial bombshell? According to Gerovich, traded value is just a fancy way of saying how much money people are throwing around like confetti at a particularly spirited wedding. 🎉

What’s the secret sauce behind Metaplanet’s meteoric rise? Well, it seems they decided to invest in 150 BTC, bringing their total bitcoin stash to a staggering 3,350 BTC. That’s right, folks—while you were busy contemplating the meaning of life, they were busy contemplating the meaning of digital coins. 💰

“Today, the company recorded a record high traded value of 50.4 billion yen,” Gerovich triumphantly declared, likely while wearing a crown made of bitcoin. “It is ranked 13th in terms of traded value in Japan, surpassing Toyota, which has the highest market capitalization.” Why, you ask? “Why? Bitcoin, and the best shareholders in the world,” he added, possibly while winking at the camera. 😏

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2025-03-24 23:57