Metaplanet Goes Big on Bitcoin: Snags 1,004 More BTC, Now Holding a Whopping 7,800!

Tokyo's Metaplanet Ramps Up Its Crypto Game

Holy moly, folks! Japanese investment giant Metaplanet just upped its Bitcoin game by a cool 1,004 BTC, pushing their total stash to a mind-blowing 7,800 BTC. That's right, they're not messing around!

Details of the Mega Buy

Get this: in a regulatory filing dropped on May 19, Metaplanet spilled the beans on their latest haul, snagging those 1,004 BTC at an average price of $97,182 each. We're talking a $104 million splurge, bringing their total Bitcoin investment to a staggering $712.5 million. Cha-ching!

*Metaplanet Acquires Additional 1,004 $BTC* pic.twitter.com/r86rLc7ngh

Bitcoin's Price Soars, Metaplanet's Profits Soar Higher

And guess what? This buy came right as Bitcoin's price blasted past $100,000, thanks to some juicy U.S.-China tariff talk. With Bitcoin's current price, Metaplanet's sitting pretty on an unrealized profit of $77.4 million. Talk about timing!

Stock Prices and Market Cap Skyrocket

Hold onto your hats, because Metaplanet's stock price just rocketed 12% on the Tokyo Stock Exchange after this news broke. Shares hit levels we haven't seen since February, and their market cap? It's now a whopping ¥365.12 billion, or about $2.34 billion. Ka-boom!

Metaplanet Joins the Big Leagues

With this latest move, Metaplanet's rubbing shoulders with the big dogs of corporate Bitcoin holders. They're hot on the heels of Jack Dorsey's Block Inc with 8,584 BTC and Coinbase with 9,267 BTC. Watch out, world!

CEO's Ambitious Goal

And get this: Metaplanet's CEO, Simon Gerovich, isn't stopping here. He's set his sights on a massive 10,000 BTC by the end of 2025. With this latest buy, they're already at 78% of that goal. The future's looking bright for Metaplanet and their Bitcoin bonanza!