What to know:
Ah, Metaplanet (3350), the audacious Japanese company that has taken to Bitcoin like a moth to a flame, has now surpassed the illustrious Coinbase (COIN) to claim the ninth-largest Bitcoin hoard among publicly traded companies. Who knew that digital gold could be so alluring?
In a delightful twist of fate, the Tokyo-based company procured 1,112 BTC for a princely sum of $117.2 million, at an average price of $105,435 per Bitcoin. CEO Simon Gerovich, ever the showman, announced this on X, as if it were the latest gossip from the high society of cryptocurrency. This purchase has propelled its holdings above Coinbase’s modest 9,267, according to the ever-reliable BitcoinTreasuries.com.
As of this fine day, June 16, Metaplanet’s cumulative Bitcoin investment stands at a jaw-dropping $947 million, with an average acquisition cost of $94,697 per BTC. They embarked on this thrilling Bitcoin accumulation journey in April 2024, and what a ride it has been!
One cannot help but marvel at Metaplanet’s performance metrics, particularly its Bitcoin yield—a proprietary measure that tracks the percentage change in the ratio of total BTC holdings to fully diluted shares outstanding. The company has dazzled us with its figures in recent quarters:
- Q3 2024 (July to September): 41.7% – A modest affair, but we all have to start somewhere!
- Q4 2024 (October to December): 309.8% – Now that’s what I call a party!
- Q1 2025 (January to March): 95.6% – Almost a standing ovation!
- Q2 2025 to date (April to June 16): 87.2% – A round of applause, if you please!
To fund their insatiable appetite for BTC, Metaplanet has issued $210 million in zero-percent ordinary bonds. The market, ever the fickle lover, responded positively to this bold strategy, with shares soaring 26% higher on Monday, reaching a delightful 1,895 yen. Who said romance was dead in the world of finance? 💖
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2025-06-16 11:29