Airdrop Army

Metaplanet, the Tokyo giga-whale, just went ham again, snagging 107.913 more BTC like it’s no biggie. They splashed 1 billion yen (roughly $6.6M) and hit the ‘buy now’ button at 9,266,724 yen per coin ($61,932). A Tuesday press release casually dropped the details, like it’s just another day in the office.

But this ain’t just a one-off FOMO grab. Nah, Metaplanet’s been stacking sats hard since April, and their BTC stash now chills at a cool 506.745 Bitcoin. With this latest scoop, they’ve YOLO’d 4.75 billion yen into the orange coin (that’s around $31.8M for those keeping track). Average buy? 9,373,557 yen ($62,712). So their bags are packed, sitting at $24 million in straight BTC value. For a company rocking a $125M market cap, 20% of that now rides the Bitcoin rollercoaster, according to BitcoinTreasuries.net.

Bitcoin Moonshot: Metaplanet Ditches TradFi, Goes Full HODL

April 2024 was when Metaplanet flipped the fiat game on its head. Their top dogs basically said, “Yo, Bitcoin’s the move,” telling shareholders it’s “the most valuable thing” they could cop for the long haul. Stock price went wild—shooting from ¥190 ($1.32) all the way to ¥1,008 ($7.01). And then July came. That’s when the stock hit ¥3,000 ($20.95), flexing a big win during a serious bull wave.

But it wasn’t all euphoria. Since then, the stock cooled off, now sitting back at ¥1,008 ($7.01). So what? The strategy’s still clear: keep the Bitcoin engine running, no brakes.

Is Metaplanet Asia’s MicroStrategy Clone?

They’re out here calling themselves “Asia’s first MicroStrategy,” and the vibes are there. Metaplanet’s hustle mirrors MicroStrategy’s Bitcoin crusade under Michael Saylor, who’s stacked 252,220 BTC and locked in the top spot as the corporate whale of whales.

But they ain’t the only ones playing in this pool. Tesla, Block Inc., and even PayPal all took swings at Bitcoin. Metaplanet just wants their name in the same breath as the big players. Keep stacking, keep the faith, and ride the storm like every other BTC maxi.