Metaplanet Goes Wild, Grabs 797 BTC in Latest Crypto Frenzy! 💰🚀

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In a move that might just be the most bizarre in investment history, the Japanese investment firm Metaplanet decided to spend a small fortune—around 13.8 billion yen (or a jaw-dropping $93 million, because why not?)—to snatch up 797 precious Bitcoins. That’s about $117,000 per Bitcoin. A casual Tuesday afternoon buy, if you ask me.

Aiming for “Escape Velocity” (No, Not a Sci-Fi Movie)

After this latest acquisition, Metaplanet now holds 16,352 BTC. Translation: $1.64 billion. They’ve solidified their place as the fifth-largest publicly traded corporate BTC holder in the world. Yes, I said fifth. Just a week after their last spree of buying 2,205 BTC, they’re still on a roll. We get it, Metaplanet: you’re not into small potatoes.

This once-hotel-operating firm has now become a crypto treasure hunter. Their game plan? Acquire enough BTC to make Scrooge McDuck jealous. And their goal? To control a whopping 210,000 BTC by 2027. That’s about 1% of all the Bitcoin in the world. Because why not try to corner the market, right?

Metaplanet is also considering using its ever-growing pile of Bitcoin to snag some cash-generating businesses. Oh, and they might even buy a digital bank in Japan. If that isn’t ambition wrapped in cryptocurrency, I don’t know what is.

“We think of it as a Bitcoin gold rush. We need to accumulate as much Bitcoin as we can to get to a point where we have reached escape velocity, and it just makes it very difficult for others to catch up.” – Gerovich, probably with a serious face

Metaplanet’s Wildly Ambitious Bitcoin Plan (Don’t Try This at Home)

In their next phase, Metaplanet plans to use their Bitcoin as collateral to score financing. Think of it like borrowing money using government bonds… except, you know, it’s Bitcoin. Pretty cool, right? The goal? Buy profitable businesses and keep the crypto empire growing. But don’t get your hopes up—crypto-backed lending is still more “uncommon” than a unicorn in the banking world.

Gerovich (the guy who probably has a mansion made of Bitcoin) has ruled out using convertible debt for growth. Instead, he’s leaning toward preferred shares to avoid the messy business of paying off debts tied to fluctuating stock prices. Their future? Digital banking in Japan—powered by the mighty BTC. Let’s just hope they remember how volatile crypto can be when setting up those shiny new retail banking services.

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2025-07-14 14:32