The Japanese public company Metaplanet — once an unremarkable structure, now the crypto-guru of Japan — suddenly decided that Bitcoin is better than anything else. They just pumped 53.4 million dollars to buy another 555 BTC.
Why exactly 555? Who knows. Maybe it’s Kabbalistic. Maybe there are their own Freemasons in Tokyo. But that’s not the point. Now Metaplanet already has 5,555 bitcoins on the balance sheet. Sounds like a number to call the devil, doesn’t it? Or financial salvation — depends on how you look at it.
Bitcoin on the balance sheet: more than some countries
Think about it. 5,555 BTC at an average price of 86,672 dollars per coin. This means that Metaplanet holds assets worth approximately 481.5 million dollars. For comparison — that’s more than the gold reserves of some small countries. And this is not just an investment — it’s a strategic bet. It’s 'all in the bank'. Moreover, the bank is decentralized and no central bank will help here.
Money for this miracle? Of course, bonds! Without a coupon!
How did they do it? Easy. They issued bonds for 25 million dollars — and, attention — with a zero coupon. That is, 'lend us money, and we won’t pay you anything — but you’ll be part of the great crypto story'. Did someone really sign up for this? Yes. Not just someone, but EVO FUND. Do you also smell something… poorly baked?
Metaplanet is now in the USA — because where else, if not in Florida?
If you thought that was little, here’s more: Metaplanet is opening a subsidiary in the USA, in sunny Florida — called Metaplanet Treasury Corp. with a charter capital of as much as 250 million dollars. It seems that Bitcoin is no longer respected in the Manhattan office or Silicon Valley.
Stocks are rising — logic is going on vacation
While some analysts are pulling their hair out and others are drawing support levels on a weekly timeframe, Metaplanet's shares (TYO:3350) rose by 13.32%. Because investors are like: "Wow! They are buying Bitcoin! I want that too!" Common sense? It somewhere stayed in 2020.
What’s all this for?
Maybe Metaplanet has just gone crazy. Or maybe, like MicroStrategy once did, they see what is hidden from everyone else. Perhaps inflation, global debt, and political turmoil convinced them of one thing: the future belongs to digital gold.
Or maybe we just live in an era where those who run to Bitcoin first are called idiots… and then — visionaries.
As one American philosopher once said — not Trump, another one —
"First, they laugh at you, then they fight you, and then — they buy at the market."
