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
- Elder Scrolls Oblivion: Best Battlemage Build
- Summoners War Tier List – The Best Monsters to Recruit in 2025
- DC: Dark Legion The Bleed & Hypertime Tracker Schedule
- ATH PREDICTION. ATH cryptocurrency
- When Johnny Depp Revealed Reason Behind Daughter Lily-Rose Depp Skipping His Wedding With Amber Heard
- ALEO PREDICTION. ALEO cryptocurrency
- To Be Hero X: Everything You Need To Know About The Upcoming Anime
- Snowbreak: Containment Zone Katya – Frostcap Guide
- 30 Best Couple/Wife Swap Movies You Need to See
- Are Lady Gaga’s Ever-Changing Wedding Plans Suiting Fiancé Dizzy? Here’s What’s Happening
2025-03-31 08:34