Metaplanet Goes All-In on Bitcoin Amid Stock Plunge – Snaps Up $54M More in Bold Bet
As traditional markets wobble, Metaplanet just doubled down on crypto's ultimate store of value.
The Tokyo-listed firm—whose shares have tanked—just dropped another $54 million on Bitcoin. Because when your equity's bleeding, why not YOLO into digital gold?
The playbook: While CFOs elsewhere hedge with bonds or buybacks, these guys are treating their treasury like a degenerate crypto trader. 'Risk management' apparently means buying the dip... with shareholders' money.
Market reaction: Investors clearly love the strategy—if 'love' means sending the stock down another 15% post-announcement. But hey, at least their Bitcoin bags are packed for the next bull run.
One thing's certain: When the SEC finally greenlights spot ETFs, Metaplanet won't need one—they're building their own damn fund at this rate.