Just when you thought the crypto rollercoaster couldn’t get any more dramatic, Metaplanet-Japan’s answer to MicroStrategy, because why not-drops a hefty $881 million, all in the name of Bitcoin. Because apparently, walking into a bank and asking nicely is too mainstream now.
They’re all about swooping in on Bitcoin like a starved seagull at a beach picnic, with plans to gobble up a bunch more BTC in September and October. So if you’re feeling left out at the digital gold buffet, don’t worry-Metaplanet is on it.
Their stock jumped a modest 6%, rising to 890 JPY-because apparently, that’s the equivalent of a victory dance on the Tokyo Stock Exchange. Truly, a sight to behold.
Metaplanet Gears for More Bitcoin Purchases (At Least, That’s the Plan)
The Japanese firm is aiming for a treasury of 30,000 Bitcoins by year-end-because why not double down on digital? Currently sitting pretty with nearly 19k BTC (around $2.12 billion), they’re basically playing Monopoly but with money that’s more excited than anyone else about crypto.
Today’s announcement? They’re wrapping up a global share sale to raise a cool $881 million-because you know, who doesn’t love a good fundraising session? From that, they’ll put almost $837 million into buying Bitcoin, while throwing in an extra $44 million for some financial jazz involving BTC. Nice, right?
And Dylan LeClair, their Bitcoin brainiac, claims they’re holding nearly 19k BTC, worth a tad over $2.11 billion, which makes their bonds look like tiny decorative paperweights. A BTC rating of about 34.65x? Now that’s what I call overachieving in the crypto gym.
It’s clear they’re serious-so serious, in fact, that their $881 million fundraise, combined with Greed’s usual flair, has boosted market sentiment enough to make traders think, “Wow, maybe Bitcoin isn’t just for coffee-shop conversations.”
Bond Redemption & Spirits Lifted
Meanwhile, they’re also playing a game of financial hide-and-seek, redeeming around $35 million of bonds today. Because apparently, bonds are so last season.
As Simon G. (probably trying to sound mysterious) said, “We’re doing this international share thing, but can’t talk much-legal reasons, you see. Also, the company’s secrets are safe with us-probably just Bitcoin.”
After a rough patch with their stock price dropping to $835 (boo), today it’s bouncing back-cue the confetti-as it’s flirting with 900 JPY. Perhaps the market has realized, “Hey, they’re kind of serious about this Bitcoin thing.”
Once upon a time, the research gurus at Benchmark predicted a target of 2,400 JPY for the stock-so naturally, viewers are now watching eagerly to see if that’s wishful thinking or just a really ambitious forecast.
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2025-08-27 20:17