Ah, Japan’s Metaplanet, that ever-ambitious entity, has once again dipped its toes into the murky waters of finance, issuing its 10th Series of Ordinary Bonds. A cool ¥2 billion ($13.33 million) has been raised, all to fuel its insatiable appetite for Bitcoin. 🤑
These bonds, as dry as a bureaucrat’s humor, carry no interest and promise full redemption by Sep. 30, 2025. The entire issuance has been handed over to EVO FUND, as if it were a sacred relic. This move, of course, is part of Metaplanet’s grand strategy to hoard Bitcoin like a miser hoards gold. 🪙
On Mar. 24, the firm, in a fit of extravagance, added 150 BTC to its treasury at an average price of ¥12.57 million ($80,000) per BTC. This brings its total holdings to a staggering 3,350 BTC. Since 2024, when Metaplanet decided Bitcoin was its new best friend, it has spent ¥42.22 billion ($270 million) on the digital asset, making it the biggest corporate holder in Asia. 🏆
Bitcoin Yield, a metric as crucial to Metaplanet as a samurai’s sword, calculates the percentage growth in BTC holdings compared to fully diluted shares. This metric, in a display of exuberance, surged 309.8% in Q4 2024 and now sits at a modest 68.3% for Q1 2025. 📈
Since it began its Bitcoin hoarding spree, Metaplanet’s stock price has skyrocketed by over 3,000%, as if the market itself were drunk on sake. By 2025, the firm aims to hold 10,000 Bitcoin, and by 2026, a whopping 21,000 Bitcoin. 🎯
But wait, there’s more! Metaplanet has been busy expanding its leadership team. On Mar. 21, the firm appointed Eric Trump to its newly formed advisory board. Yes, that Eric Trump. Known for his work in real estate and finance, Trump is expected to lend his business acumen to help build “one of the world’s leading Bitcoin Treasury Companies,” as CEO Simon Gerovich so grandly stated. 🏢
According to Gerovich, the new board will include important voices and thought leaders committed to promoting Bitcoin adoption and financial innovation. With the latest bond issuance and leadership updates, Metaplanet is doubling down on its quest to secure its future using Bitcoin. 🚀
Read More
- ALEO PREDICTION. ALEO cryptocurrency
- Solo Leveling Season 2: Check Out The Release Date, Streaming Details, Expected Plot And More
- Who is Owen Cooper? All About Netflix’s Adolescence Star Taking Hollywood by Storm
- Save or Doom Solace Keep? The Shocking Choice in Avowed!
- ATH/USD
- The First Berserker Khazan: Best Greatsword Build
- How To Fix The First Berserker Khazan Controller Issues on PC
- Where to Stream Mickey 17? Everything You Need To Know About Robert Pattinson’s Sci-Fi Thriller
- General Hospital Spoilers: Will Kristina Let Blaze Pursue Her Career Dreams?
- COMP PREDICTION. COMP cryptocurrency
2025-03-31 08:34