Key Takeaways
In a world where Bitcoin dances like a dervish, Metaplanet has pirouetted past 17,000 BTC, claiming its throne as Asia’s very own MicroStrategy, while institutional interest in Bitcoin swells like a summer tide.
Ah, the fickle nature of Bitcoin! Just when it seemed to soar from $119K to a mere $114K since the 1st of August, the institutional confidence remains as steadfast as a cat on a hot tin roof. 🐱👤
As of the latest tick, Bitcoin was flirting with the green, boasting a modest 0.61% gain over the last 24 hours, according to CoinMarketCap. A true underdog story, wouldn’t you say?
Metaplanet adds more Bitcoin
Unfazed by the price rollercoaster, the Tokyo-listed Metaplanet has doubled down on its Bitcoin escapade, snatching up 463 BTC on the 4th of August, bringing its treasure trove to a jaw-dropping 17,595 BTC. Talk about a shopping spree! 🛒
This digital hoard is valued at over ¥261.28 billion (roughly $1.78 billion), though the company, with a wink and a nudge, estimates its worth to be closer to $2.02 billion based on gains. Because who doesn’t love a little creative accounting?
Just days prior, the company had plans to raise up to ¥555 billion ($3.7 billion) by issuing perpetual preferred shares. Sounds fancy, doesn’t it?
CEO Simon Gerovich chimed in, stating,
“Our goal is to have multiple tools to raise capital for buying Bitcoin. On a Bitcoin standard, the mission is to continuously grow Bitcoin per share.”
New BTC titan rises in Asia
With this latest acquisition, Metaplanet has ascended to the seventh position globally among publicly listed companies. It has outpaced Coinbase, trailing only behind titans like MicroStrategy, Marathon Digital (MARA), and Riot, as per BitcoinTreasuries.net. Quite the climb, eh?
However, in a plot twist worthy of a soap opera, Metaplanet’s stock took a 6.68% tumble, trading at 992 JPY. The drama never ends! 🎭
This all followed the company’s recent jaw-dropping $92.93 million BTC purchase, which catapulted it past the 17,000 BTC milestone. Who knew Bitcoin could be so… dramatic?
Institutions stack more BTC
Fidelity’s Chris Kuiper confirmed the broader trend: more public companies are crossing the 1,000+ BTC threshold. It’s like a Bitcoin club, and everyone wants in!
“We have gone from 24 companies at the end of Q1 2025, to 30 at the end of Q2 and now have 35 so far into Q3!”
What’s more?
Trump Media also made headlines with its Q2 earnings report, revealing it had accumulated $2 billion worth of Bitcoin in July. The competition among firms racing to build substantial crypto treasuries is heating up faster than a summer barbecue! 🍔🔥
As these heavyweight moves unfold, the corporate competition to secure BTC continues to escalate. Buckle up, folks; it’s going to be a bumpy ride!
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2025-08-04 14:21