Japan’s Bitcoin Mania: 🤯 It’s Getting Weird

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So, it appears some chaps in Japan, calling themselves Metaplanet (a name that sounds suspiciously like a discarded Soviet space program), have decided that paper money is, shall we say, *passé*. They’ve been acquiring Bitcoin – frantically, one might add – with the enthusiasm of a magpie collecting shiny objects. Honestly, the whole thing is a bit… theatrical.

Metaplanet Has Acquired Another 5,268 Bitcoin

According to a Mr. Simon Gerovich, a President, naturally, of this Metaplanet enterprise, they’ve added 5,268 Bitcoins to their already overflowing digital coffers. They paid a rather *staggering* $615.67 million for the privilege. One wonders if they checked the price of a decent dacha first. At $116,870 a pop, one could almost buy a small Balkan nation. Almost.

Only nine days prior, they engaged in an even *more* extravagant purchase – 5,419 BTC! Such haste! One is reminded of a desperate gambler doubling down on black. It’s either brilliance or madness, and frankly, I’m leaning towards the latter. 😉

Meanwhile, Michael Saylor, the Bitcoin evangelist formerly known as Microstrategy, is now buying in slightly smaller portions. Seems even the apostles sometimes need to tighten their belts. Perhaps he’s investing in something sensible this time… like a collection of antique thimbles.

This relentless Bitcoin binge has catapulted Metaplanet into the ranks of the fourth largest corporate BTC holder. A table, fraught with numbers and the faint scent of desperation, follows:

They’ve surpassed the Bitcoin Standard Treasury Company and Bullish (names that lack a certain… flair, don’t you think?). A grand total of 30,823 Bitcoins now reside within their digital vaults, acquired at a cost of $3.33 billion. They are currently enjoying a modest, almost apologetic, unrealized gain of 8.4%. A pittance, really, for such risky endeavors.

A fellow named Maartunn (presumably a crypto-seer of some sort) has produced a chart detailing Metaplanet’s profit-loss journey. It’s quite a rollercoaster, filled with peaks and valleys… and probably a good dose of anxiety.

As you can see, Bitcoin’s recent – and predictably – capricious nature has momentarily dimmed the shine of Metaplanet’s fortunes. But let’s not despair! Another chart reveals their “break-even” line. Apparently, it’s currently around $107,912. A harrowing near-miss during the recent decline, but thankfully, Bitcoin rallied, just enough to provide a collective sigh of relief.

Metaplanet, fueled by a peculiar type of ambition, has already exceeded its target of 30,000 BTC for the fiscal year. Now, they’re aiming for 210,000 BTC by 2027 – a full 1% of the circulating supply! One wonders if they’ve considered the logistical nightmare of vacuuming a digital wallet of that size. 🙄

BTC Price

Bitcoin, ever the mischievous imp, has experienced a momentary surge, climbing almost 4% to reach $117,600. Another day, another fluctuation. One almost expects it to simply vanish in a puff of logic at this point.

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2025-10-02 13:14