How Metaplanet’s Bitcoin Obsession Just Got a $3.8 Billion Upgrade 🚀💸

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So, Metaplanet and its shareholders have officially decided that hoarding Bitcoin is the new black. 💁‍♀️ They’ve unleashed a shiny new funding tool that basically screams: “Give us all your yen, please!” We’re talking about a whopping ¥555 billion (yeah, that’s $3.8 billion to you and me) raised via preferred shares, because why just hold Bitcoin when you can bling it out with fancy financial jargon? Welcome to Japan’s cutest little Bitcoin love story.

From “Oops, Economic Crisis” to “Bitcoin, Baby!” 💥

Remember when Japan hit a bit of a rough patch economically? 😬 Metaplanet did, and instead of crying into their sake, they started dabbling in Bitcoin like it’s the perfect rebound. Fast forward to now, and they’re practically obsessed (& who can blame them?). The entire ¥555 billion fund, raised by selling preferred shares (because straight-up cash is too mainstream), is their golden ticket to buy even more of the flagship cryptocurrency.

Why this hustle? Well, their stock recently jolted a nerve, plunging 5.4% to a mere 830 JPY on September 1, right after they added 1,009 shiny new BTC to their treasure chest. Now they’re sitting pretty at 20,000 BTC – which is 66% on the road to their 30,000 BTC year-end wish list. And hey, if they’re feeling optimistic, by 2027 they want enough Bitcoin to make Michael Saylor blink: 210,000 BTC. No big deal.

Simon Gerovich, the company president (imagine a poker-faced hotel operator who’s now moonlighting as a Bitcoin hoarder), brought this spectacle to shareholders in Tokyo. The vote? A resounding “Yes, please” to issuing 555 million preferred shares. Because why not make it official at a shareholders meeting?

✅ Proposal 1: More shares than you can shake a Bitcoin at (2.7 billion authorized shares)
✅ Proposal 2: Shareholders meetings with zero commuting-now virtual only (pandemic chic vibes)
✅ Proposal 3: Fancy new classes of shares (Class A & Class B) – Because plain old shares are so 2020

– Metaplanet Inc. (@Metaplanet_JP) September 2, 2025

For the uninitiated, preferred shares are like that hybrid car of finance – a mix between debt and equity, carefully designed to make accountants smile. Earlier, Metaplanet pulled off a slick maneuver by raising ¥130 billion (~$881 million) selling stock abroad, which ramped up their stock price by 5.7%, zooming past 890 JPY on the Tokyo Stock Exchange. 🚗💨

Over the past eight months, they’ve been busy racking up more than ¥242 billion for Bitcoin buys through a somewhat secretive strike warrant deal with Evo Fund. But

Big Bags, Bigger Plans 🎒💰

Okay, so Metaplanet is now Asia’s biggest corporate Bitcoin teddy bear, but hold your horses, it’s still a minnow compared to the real whale: Michael Saylor’s crew. That genius gang just keeps scooping up Bitcoin like coupons on Black Friday. Last week alone, they threw down for 3,081 BTC at over $115k a pop. Their total stash? A mind-boggling 632,457 BTC, currently worth around $68.7 billion. Meanwhile, Bitcoin is chilling at $110,256.52, having so far poofed up a modest 0.7% in the last 24 hours. So casual.

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2025-09-02 15:48