Crypto news

Meet the Crypto Whisperers: Metaplanet’s Journey to Bitcoin Glory!

BBG News

Metaplanet Inc., affectionately dubbed Japan’s Strategy—because who doesn’t need a little strategy in their life?—has just announced the acquisition of a delightful additional 696 Bitcoin, making the total count an impressive 4,046 BTC, worth a staggering $380 million, as of today’s market. One wonders if this is merely a fancy way to say they have a profound relationship with their wallets. 😄

The company has ingeniously executed this purchase through the whims of its Bitcoin Treasury Operations, using what they describe as a cash-secured put options strategy—wonderful jargon that makes you sound smart at the next cocktail party! 🥂 Imagine, Bitcoin bought at below-market prices! They managed to nab these beauties at an average price of ¥14,586,230 (or $105,700 for those counting in dollars), culminating in a total expenditure of ¥10.15 billion (around $73.5 million if you’re financially challenged, like many of us).

Yet, that’s not all! In a marvel of modern finance, during the first quarter of 2025, their Bitcoin Income Generation business generated ¥770.35 million (a princely $5.58 million) in operating revenue—this is equivalent to a mere 50.26 BTC in premiums. It is tempting to suggest that they are cooking up some potion in their laboratory of financial wizardry, as they state their strategies are more effective than simply throwing money at the market. Who would’ve thought! 🍕

“By deploying ¥9.39 billion in collateral,” they proudly proclaimed, “the Company acquired more Bitcoin than would have been possible via direct spot market purchases.” Bravo, Metaplanet! Hip-hip-hooray for creativity! 🎉

Metaplanet Strikes Gold! – Extraordinary BTC Yield of 309.8%

According to their report (which, naturally, only makes sense to financial aficionados), in Q4 2024, Metaplanet generated the extraordinary BTC yield of 309.8%. And they weren’t resting on their laurels; even in the first quarter of this year, they managed a yield of 95.6%. One can hardly keep up! Is this real estate or a magic show? 🪄

If we take a gander at their relentless acquisition spree over the last nine months, it seems the company has transformed its Bitcoin holdings from a modest 141.07 BTC (as of June 30, 2024) to a whopping 4,046 BTC by March 31, 2025—a nearly 28-fold increase in less than a year! Move over, ordinary investments; we’re on a journey towards the ethereal milestone of 10,000 BTC—cue the dramatic music! 🎶

The BTC Yield metric might lend you insight into how effectively their acquisition strategy concocts value for shareholders, taking notes of the inevitable dilution. With their tireless purchases, Metaplanet now boasts a respectable ninth place in the ranks of top BTC corporate treasuries; not too shabby, eh?

On another curious note, following yesterday’s 9% drop amid Trump’s tariff wars—which is more theatrical than a Chekhov play, not
that I’d attempt to fit a playwright into the crypto world—the Metaplanet stock price recovered, finishing 2% up today at 409 JPY levels. Can we applaud? Over the last year, this stock price has shot up like a rocket, bearing over 2000% growth, peaking at 665 JPY last February. What will they do next? 🕵️‍♂️

Meanwhile, Bitcoin itself seems to be pulling off a miraculous recovery, gaining 3.84% in the last 24 hours, currently trading at $84,356 with a market cap of $1.67 trillion. If only our floundering dreams could rise as dramatically! 🤞

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2025-04-01 16:17

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