Japan’s Metaplanet Buys 797 Bitcoin: The Universe’s Newest Financial Oddity 🤯

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What to know:

  • The latest buy brings the firm’s total holdings to 16,352 BTC, worth nearly $2 billion. That’s more bitcoins than you can shake a stick at, or in this case, a digital wallet.
  • The hotelier’s CEO recently said that the firm aims to use its gigantic bitcoin holdings for acquisitions. Because, you know, why not? It’s not like they were going to use it to buy a really big pizza or something.

Metaplanet, the largest corporate bitcoin holder outside North America, has purchased an additional 797 BTC, worth around $96 million, bringing its total bitcoin holdings to 16,352. This is roughly equivalent to the GDP of a small country, or the budget for a really, really bad sci-fi movie.

Simon Gerovich, CEO of the Tokyo-listed hotelier, recently told the FT that the firm aims to leverage these holdings as collateral to finance acquisitions of cash-generating businesses, particularly in digital financial services. Because, as we all know, the best way to make money is to use money you don’t have to buy more money. 🤑

Metaplanet’s strategy mirrors the blueprint used by Michael Saylor’s Strategy (MSTR): accumulate bitcoin via equity and debt issuance, then use the asset base to secure financing for broader expansion. It’s like a financial version of the game “Monopoly,” but with more blockchain and less tiny plastic houses.

Metaplanet has already tapped zero-interest bonds, stock acquisition rights, and U.S. capital markets—including a planned $5 billion injection into its Florida subsidiary—to fund BTC buying and strengthen its treasury infrastructure. Because, why not? When in doubt, just throw more money at the problem. 💸

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2025-07-14 07:36