In a Nutshell:
- Metaplanet, in a fit of crypto-enthusiasm, has scooped up 160 shiny BTC for a cool 1.998 billion yen ($13.4M). Their BTC hoard now weighs in at 4,206, valued at a staggering 54.3 billion yen ($363.5M). 🤑
- In a display of financial wizardry, the company boasts a 95.6% BTC yield in Q1 and a modest 3.9% in Q2, presumably while sipping tea and petting a cat. 🐱
In a move that would make any space cowboy proud, Japanese hotel biz Metaplanet (3350) has nabbed an extra 160 BTC at an average price that would make your wallet weep (12.5 million yen, or about $83,600 per BTC), forking out a grand total of 1.998 billion yen ($13.4 million).
With this latest acquisition, Metaplanet’s BTC treasure chest now holds a mighty 4,206 BTC, all snatched up at an average price that would make a pirate blush (12.9 million yen, or roughly $86,500 per BTC), totaling an investment that could buy a small island (54.3 billion yen, or $363.5 million).
Metaplanet has reported a BTC yield in Q1 that would make a hedge fund manager weep with joy (95.6%), while Q2’s yield is more like a gentle nudge from a friendly neighbor (3.9%). BTC yield, for the uninitiated, is a fancy way of saying how much more BTC they have compared to the number of shares they could have theoretically printed.
In a twist that would make a soap opera writer proud, the company’s Tokyo-listed shares took a gentle dive, closing down 1.22% at 404 yen on Tuesday. 📉
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2025-04-02 14:21