They’re Buying Up Bitcoin Like There’s No Tomorrow! 🚀💸
As the sun rises over the bustling city, a sense of unease settles in the pit of many an investor’s stomach. But not for Metaplanet, dear friends! For they have just redeemed ¥2 billion ($13.29 million) in zero-coupon bonds, using the proceeds from their 0% discount moving strike warrants to do so. Ah, the sweet taste of financial wizardry!
And what of their Bitcoin stash, you ask? Well, let me tell you, it’s a veritable treasure trove of digital riches! They now hold a whopping 3,350 BTC, worth a staggering ¥44.49 billion ($295.7 million). And their outstanding bonds? A mere ¥3.75 billion ($24.9 million). Ha! It’s as if they’re saying, “Debt? What debt?”
But, alas, Metaplanet’s confidence in the long-term value of crypto assets is not misplaced. For they are, in fact, reinforcing their BTC-backed strategy, signaling to the world that they’re all in on this wild ride. And we, dear friends, are left to wonder: will they be the ones laughing all the way to the bank, or crying into their morning coffee?
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2025-03-26 11:37