Hold onto your wallets, folks! Asia’s very own MicroStrategy, Metaplanet, is on a stock market rollercoaster, soaring an additional 13% to a jaw-dropping JP¥ 6,650! 🎢 With weekly gains of 36% and a whopping 81% monthly increase, Michael Saylor is practically throwing confetti in the air, praising the firm for their almost religious devotion to Bitcoin. 🙏💸
Michael Saylor Backs Metaplanet
In a plot twist worthy of a Netflix series, MicroStrategy’s executive Chairman, Michael Saylor, is singing the praises of Metaplanet’s stock, which has skyrocketed from under ¥1000 in October 2024 to over ¥6,650. That’s an 81% increase in just a month! 📈 And let’s not forget the one-year returns—4,000%! If that’s not a reason to pop some champagne, I don’t know what is! 🍾 In a tweet that could only be described as a digital high-five, Saylor urged his followers to keep an eye on this Japanese gem.
You should probably follow @Metaplanet_JP.
— Michael Saylor (@saylor) February 12, 2025
Metaplanet has been storming the Japanese stock market like it’s Black Friday, ending today’s session 13% higher and snagging the title of Japan’s 19th most liquid stock. Dylan LeClair, the firm’s Bitcoin strategist, reported a trading volume of ¥42.6 billion (that’s about $277 million for those counting at home), proving that Metaplanet is not just a flash in the pan! 💥
And in a move that could only be described as a mic drop, CEO Simon Gerovich took a jab at JPMorgan for shorting Metaplanet’s stock. After this mega rally, he quipped:
“My heartfelt condolences to Morgan Stanley for their short position in Metaplanet. However, it appears he still has a short position of over 1 million shares.”
Four Billion Yen Bitcoin Purchase Plan
But wait, there’s more! Michael Saylor’s enthusiasm comes after Metaplanet announced the issuance of its sixth unsecured corporate bond, raising ¥4 billion at a 0% interest rate. Yes, you heard that right—0%! 🎉 This bond, issued without collateral or guarantees, is a testament to the company’s strong credit profile and financial stability. Talk about confidence!
This funding allows Metaplanet to dive headfirst into Bitcoin, skipping the waiting period like a kid on Christmas morning. 🎄 They’re all about enhancing their treasury and delivering greater value to shareholders. Just two weeks ago, they announced plans to buy 21,000 Bitcoins by the end of 2026. That’s a lot of digital gold! 🪙
Michael Saylor’s MicroStrategy Continues BTC Accumulation
Meanwhile, Saylor’s MicroStrategy is not sitting on the sidelines either. Earlier this week, they announced the purchase of 7,633 BTC for a cool $742 million, bringing their total Bitcoin stash to a staggering 478,740 BTC. 💰
As of now, Bitcoin is trading 2% down at $96,226, with a market cap of $1.90 trillion. Daily trading volume has surged by 8.7% to $37 billion, and liquidations are soaring to $43 million. It’s like a rollercoaster ride that just won’t stop! 🎢
This recent dip has sparked some serious speculation, but it seems that macroeconomic concerns and the upcoming US CPI inflation data have investors playing it safe. Who knew finance could be so dramatic? 🎭
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2025-02-12 12:13