Well, well, well! It appears the good folks at Metaplanet have been busy as a one-legged man in a butt-kicking contest, amassing Bitcoin like it’s the new gold rush. They’re on a quest to pile up 210,000 BTC by 2027 – and if I do say so myself, they’re about as close to a digital Midas touch as one can get. (I do wonder if King Midas would trade his golden legacy for a few extra coins? Possibly not.)
- On August 4, they scooped up an extra 463 BTC, raising their stash to a whopping 17,595 BTC. (That’s a lot of zeros, I must say.)
- The BTC Yield year-to-date is up 170%, with Bitcoin per share ballooning 22× in just 11 months. (Now that’s what I call growth, if you ask me.)
- Capital raises, bond redemptions, and expansion targets all signal that their BTC accumulation will continue. (I’m half expecting them to buy the entire state of Nevada next!)
According to their August 4 disclosure, Metaplanet shelled out a cool ¥7.995 billion (or $55.17 million) to add 463 BTC at an average price of ¥17.27 million ($119,163) per coin. This shrewd maneuver bumps their total holdings to 17,595 BTC, now valued at an eye-watering ¥261.28 billion ($1.80 billion). (I’m not saying they’re about to buy a whole country, but one can’t help but be dazzled.)
The latest acquisition has pushed their year-to-date BTC Yield to 170%, with the most recent quarter-to-date yield clocking in at 24.6%. Their key performance indicator, BTC Yield, measures the growth of Bitcoin per fully diluted share over time. As of August 4, that number stands at 0.0201, up from a measly 0.00088 just a year ago. (Talk about a meteoric rise!)
Metaplanet’s growth strategy has been as bold as a Mississippi steamboat captain – scaling rapidly through equity issuance and debt financing. Since June 30 alone, they’ve added over 4,200 BTC, largely funded by the exercise of stock acquisition rights. And let’s not forget their July bond redemptions totaling ¥12.75 billion ($88.99 million), also financed by the same audacious method. (I do declare, if this trend continues, they might soon be the talk of every financial town from here to Timbuktu.)
Strategic Bitcoin Vision Backed by Capital Raises
On August 2, Metaplanet announced a preferred share offering worth ¥3.73 billion ($25.74 million) with a tempting 6% annual dividend – all in a bid to bankroll future BTC purchases. They’re setting their sights on holding 30,000 BTC by year-end, 100,000 BTC by 2026, and their long-range target of 210,000 BTC by 2027. (Now that’s a plan that would even make a riverboat gambler tip his hat.)
Chief executive officer Simon Gerovich – a man of numbers and no small amount of bravado – describes Bitcoin as a hedge against yen weakness and the perils of sovereign debt. Moreover, they plan to acquire a digital bank to milk yield from their Bitcoin reserves. (Now that’s a strategy that even the most jaded financier would admire.)
And finally, their stock is riding high – up 179% year-to-date and an astonishing 1,391% over the past year, driven by investor enthusiasm for their “Strategy-style” Bitcoin strategy. In Q1 FY2025, they reported record revenue of ¥877 million ($6.05 million) and an operating profit of ¥593 million ($4.09 million). (If these figures keep climbing, I might just have to invest in a few coins myself – though I fear my own ledger might never recover.)
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2025-08-04 08:22