Metaplanet’s Bitcoin Bonanza: 20,000 Coins and Counting!

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In a world where you can’t throw a brick without hitting a tech mogul or a crypto enthusiast, Metaplanet has announced that it now holds exactly 20,000 Bitcoin after a hefty purchase of 1,009 more coins for the princely sum of $112 million. 🤑

The company, not content with just sitting on a pile of digital gold, also issued 11.5 million new shares when an investor, the ever-so-cleverly named Evo Fund, decided to use special buying rights called warrants. For this privilege, Evo Fund forked over about $65.73 million. Metaplanet, in turn, used this cash to pay back $20.4 million in bonds it had previously issued. It’s like paying off your credit card with another credit card, but somehow it works! 🤷‍♂️

Bitcoin Strategy Pays Off Despite Stock Drop

Metaplanet now stands proudly as the sixth largest corporate Bitcoin holder in the world. The company paid an average of $103,138 for each Bitcoin it owns, making its total investment about $2.06 billion. With Bitcoin trading higher than this average price, Metaplanet is essentially making money on paper from its Bitcoin gamble. It’s like betting on the weather and winning, every single day! ☀️🌧️

The company started its Bitcoin spree in April 2024, when it was a struggling hotel business. The COVID-19 pandemic had left its hotels as empty as a politician’s promises, so the leaders decided to copy a strategy used by the American company MicroStrategy. They began pouring most of their money into Bitcoin instead of running hotels. It’s like deciding to sell ice cream in Antarctica-risky, but potentially rewarding! 🍦 Antarcticaland

This plan worked wonders for investors. Metaplanet’s stock price soared over 4,000% over 12 months, making it one of the best-performing stocks globally. But the stock has taken a nosedive of 54% since June 2025, even though Bitcoin prices have remained relatively stable. This drop makes it harder for the company to raise money through its warrant system. It’s like trying to sell a car when everyone knows you need the money. 🚗💸

Ambitious Plans for More Bitcoin

Metaplanet isn’t done yet. The company’s “21 Million Plan” aims to hold 210,000 Bitcoin by 2027. This would represent more than 1% of all Bitcoin that will ever exist and could make Metaplanet the second biggest corporate Bitcoin owner globally. It’s like saying, “We’re not just here to play; we’re here to dominate!” 🌐🔥

To reach this lofty goal, shareholders voted on September 2, 2025, to approve selling up to 555 million preferred shares. This could raise as much as $3.7 billion for buying more Bitcoin. The company also plans to raise about $880 million through overseas share sales. CEO Simon Gerovich explained that these preferred shares will work like bonds but be backed by Bitcoin. The company plans to offer two different types of preferred shares, though the exact yields are still being ironed out. It’s like creating a new form of currency, but with more paperwork. 📜📊

High-Profile Support and Global Attention

Eric Trump, son of U.S. President Donald Trump, joined Metaplanet as an advisor in March 2025. He attended the company’s shareholder meeting in Tokyo on September 1-2, 2025, to lend his support to the Bitcoin strategy. Trump, always one for a good soundbite, said he believes in “companies with great leadership” and called Gerovich “a wonderful leader,” while praising Bitcoin as “a wonderful product.” It’s like having a celebrity chef endorse your restaurant, except the restaurant serves only one dish: Bitcoin. 🍴💰

The Trump family is getting more involved in cryptocurrency businesses. Eric Trump and his brother Donald Trump Jr. started a Bitcoin mining company called American Bitcoin, which plans to list on the Nasdaq stock exchange soon. It’s like the Trumps are setting up a new empire, but this time in the digital realm. 🏛️💻

Metaplanet also received a nod from major stock indexes. The company was upgraded from a small company to a mid-sized one and added to the FTSE Japan Index in September 2025. This means more investment funds that follow these indexes will automatically buy Metaplanet shares. It’s like being invited to the cool kids’ table at lunch, but for stocks. 🍴🌟

Strong Financial Results But Growing Risks

The Bitcoin strategy has certainly paid off for Metaplanet. The company reported 41% revenue growth in the second quarter of 2025, earning $75.1 million in profit. Much of this came from selling options on its Bitcoin holdings and normal business operations. It’s like making money while you sleep, but with more math involved. 🛌🧮

Metaplanet measures success using “BTC Yield,” which shows how much Bitcoin it gains per share over time. The company achieved 486.7% BTC Yield for all of 2025 so far, though this number dropped to 30.7% in the most recent quarter. It’s like a rollercoaster ride, but with numbers. 🎢📈

The company’s Bitcoin buying has been steady and large. Since July 2024, Metaplanet grew its holdings from under 200 Bitcoin to the current 20,000. It funds these purchases by selling bonds and issuing new shares. It’s like a never-ending cycle of buying and selling, but with more Bitcoin. 🔁₿

However, the falling stock price creates problems. The company relies on investors using warrants to buy new shares, which gives Metaplanet the funds to buy more Bitcoin. When the stock price drops, these warrants become less attractive, making it harder to raise money. It’s like trying to sell tickets to a concert that’s already halfway over. 🎵🎟️

What This Means Going Forward

The involvement of the Trump family and inclusion in major stock indexes show that traditional finance is paying attention to corporate Bitcoin strategies. Other companies in Asia and around the world might follow Metaplanet’s lead if it continues to succeed. It’s like a new trend sweeping the globe, but with more blockchain and less bell-bottoms. 🌍🔗

For now, Metaplanet has achieved its goal of holding 20,000 Bitcoin while building new ways to raise money for buying more. Whether it can reach its ambitious target of 210,000 Bitcoin by 2027 will depend on Bitcoin prices, investor interest, and the company’s ability to execute its complex financial strategy. It’s a tall order, but then again, who doesn’t love a good challenge? 🌟💪

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2025-09-02 00:51