In the grand tradition of Bulgakov’s satirical prowess, let us embark upon the tale of Metaplanet, a Japanese firm whose appetite for Bitcoin is rivaled only by the Wolf’s hunger for Little Red Riding Hood’s grandmother. ๐บ๐ต
The Bitcoin Banquet Begins! ๐๐ฝ๏ธ
With a flick of its financial wand, Metaplanet has conjured up an additional 269.43 BTC out of thin air, like a magician pulling rabbits from hats, taking its grand total to a whopping 2,100 BTC. This feat is akin to snatching a mere crumb from the banquet table of Bitcoin’s total supply, but what a crumb it is! ๐ฉโจ
As the digital gold rush continues, Metaplanet has not only acquired a speck of Bitcoin history but has also set forth a prophecy to multiply its hoard tenfold by the end of 2026. A prophecy, I might add, that would make even Nostradamus raise an eyebrow. ๐งโโ๏ธ๐ฎ
A Sixth of the Sixth: Metaplanet’s Sixth Sense for Bitcoin ๐ง ๐๏ธ
In a move as cunning as the fox in “The Master and Margarita,” MicroStrategy, the Japanese oracle of the cryptoverse, has snapped up another 68.59 BTC, spending a mere $6.6 million. A pittance, really, for a company that sniffs out Bitcoin dips like a truffle-hunting pig in the forests of opportunity. ๐ฝ๐
With a year-to-date return that would make even the most stoic of stockbrokers blush, Metaplanet’s Bitcoin stash has ballooned to 2,100 BTC, a treasure trove amassed at an average cost that would make Scrooge McDuck dive in with glee. ๐ฐ๐ฆ
Since embarking on its Bitcoin odyssey in April 2024, Metaplanet has embraced the cryptocurrency with the fervor of a convert at a revivalist meeting, proclaiming Bitcoin as the one true asset amidst a sea of digital pretenders. โช๏ธ๐
“We are but humble pilgrims on the road to 10,000 BTC by the end of 2025, and 21,000 BTC by the end of 2026,” declares CEO Simon Gerovich, with the conviction of a man who has seen the future and likes the view. ๐ฎ๐
The Alchemy of Equity: Turning Yen into Bitcoin ๐ฉ๐ธ
In a display of financial wizardry, Metaplanet has summoned forth $20 million in equity capital, a testament to its “21M Plan” that’s as ambitious as it is enigmatic. This strategic maneuver is designed to fortify its Bitcoin bastion, ensuring that its digital coffers overfloweth. ๐๐
With the recent acquisition of JPY 4 billion through 0% unsecured bonds, Metaplanet is poised to continue its Bitcoin buying spree into 2026 and beyond. The company’s war chest, brimming with over $700 million, is earmarked for the noble quest of adding 21,000 BTC to its treasure trove. Michael Saylor, the Bitcoin bard himself, has nodded in approval, his tweet a digital nod to Metaplanet’s grand design. ๐น๐ฏ
“One Basis Point of Bitcoin”
โ Michael Saylor (@saylor) February 20, 2025
Metaplanet’s Stock: A Rocket Ride to the Moon? ๐๐
As Metaplanet’s stock soars like an eagle on a caffeine buzz, the company has reached dizzying heights, with shares surging 75% since the dawn of 2025. Even after a modest retreat from its peak, the stock is once again ascending, like a phoenix reborn from the ashes of market volatility. ๐ฆ โ๏ธ๐ฅ
Crowned as the largest component in the CoinShares Blockchain Global Equity Index (BLOCK Index), Metaplanet holds a regal 6.27% weighting. CEO Gerovich, with a twinkle in his eye, remarks, “We are honored to rub shoulders with the titans of industry, proving that a Bitcoin-first philosophy can lead to stock market stardom.” ๐๐
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2025-02-20 10:40