ℹ️
The information provided in this article is for informational purposes only and does not constitute financial or investment advice. Always do your own research and consult a financial advisor before making investment decisions.
Views 19 Comments 0
Metaplanet drops another $13.33M on BTC, snagging more with slick 0% bonds!

Metaplanet drops another $13.33M on BTC, snagging more with slick 0% bonds!

Date: 2025-03-31 05:33:42 | By Clara Whitlock

Metaplanet Goes All-In on Bitcoin: Raises ¥2 Billion in Bold Move

Japan's Crypto Giant Issues 10th Series of Bonds to Fuel BTC Acquisition

Hold onto your hats, crypto fans! Japan's Metaplanet just dropped a bombshell – they've issued their 10th Series of Ordinary Bonds, pulling in a whopping ¥2 billion ($13.33 million) to supercharge their Bitcoin buying spree. No interest, full redemption by Sep. 30, 2025, and the whole shebang goes straight to EVO FUND. Talk about an aggressive Bitcoin play!

Just days ago, on Mar. 24, these guys scooped up another 150 BTC at an average of ¥12.57 million ($80,000) per coin. That brings their total stash to a mind-blowing 3,350 BTC. Since diving headfirst into Bitcoin as a core asset in 2024, Metaplanet's dropped a cool ¥42.22 billion ($270 million) on the king of crypto, making them Asia's biggest corporate Bitcoin whale.

But wait, there's more! They're keeping a close eye on their Bitcoin Yield, which shot up 309.8% in Q4 2024 and is still riding high at 68.3% for Q1 2025. And get this – since they started stacking sats, Metaplanet's stock price has skyrocketed over 3,000%. The market's loving this Bitcoin bet!

But Metaplanet's not stopping there. They've got their sights set on 10,000 BTC by 2025 and a staggering 21,000 BTC by 2026. And to help steer this Bitcoin battleship, they've brought in some heavy hitters. On Mar. 21, they tapped Eric Trump for their new advisory board. With his real estate and finance chops, he's set to help build "one of the world's leading Bitcoin Treasury Companies," according to CEO Simon Gerovich.

Gerovich says this new board is all about bringing in big voices and thought leaders to push Bitcoin adoption and shake up the financial world. With this latest bond move and leadership shakeup, Metaplanet's doubling down on its Bitcoin future. Buckle up, folks – this ride's just getting started!

Comments (0)

Please Log In to leave a comment.

×

Disclaimer

The information provided on HotFart is for general informational purposes only. All information on the site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the site.

×

Login

×

Register