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Metaplanet Doubles Down on Bitcoin—Drops $53M as Institutional FOMO Heats Up

Metaplanet Doubles Down on Bitcoin—Drops $53M as Institutional FOMO Heats Up

Author:
Coingape
Published:
2025-05-07 05:05:37
16
1

Tokyo-listed Metaplanet just turbocharged its crypto treasury with another 1,200 BTC—because apparently, corporate balance sheets are the new moonbags.

Wall Street still clutching its pearls? The Japanese firm’s latest buy-in screams ’hedge against fiat incompetence’ louder than a Mikami rant on X.

Fun fact: That $53M splurge could’ve bought 53,000 years of Netflix subscriptions. Priorities, people.

On May 7, 2025, Metaplanet Inc. acquired an additional 555 Bitcoins, utilizing $25 million raised through zero-coupon bonds issued to EVO FUND. The entire raised capital was directed towards purchasing Bitcoin, totaling approximately $53.4 million at an average price of $96,134 per coin. This acquisition has resulted in a 136.7% year-to-date BTC yield for the company. With this purchase, Metaplanet now holds 5,555 BTC, acquired for a total of around $481.5 million at an average price of $86,672 per Bitcoin, reflecting solid strategic planning. Contine To Read

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