Latest news with #Metaplanet
Yahoo
3 days ago
- Business
- Yahoo
Metaplanet Buys 780 More Bitcoin, Increases Stash to 17,132 BTC
Metaplanet (3350) said it bought 780 more bitcoin (BTC), bringing its total holdings to 17,132 BTC valued about $2 billion at current prices. The Tokyo-based company paid an average 17.5 million yen ($118,176) per coin, according to a Monday disclosure. Metaplanet uses a metric, called BTC Yield, to track shareholder value in relation to dilution. The BTC Yield for July 1-July 28 is 22.5%, Metaplanet said. For the quarter-ended June 30, BTC Yield was 129.4%, up from 95.6% in the preceding three months. Since adopting a bitcoin treasury strategy based on that of Strategy's (MSTR), Metaplanet has acquired 17,132 BTC, the largest holding among public companies outside the U.S, at an average price of $99,732 per coin. Metaplanet shares rose 5% to close at 1,240 yen on Monday, outperforming the Nikkei 225 index, which fell 1.1%. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Metaplanet Buys 780 More Bitcoin, Increases Stash to 17,132 BTC
Metaplanet (3350) said it bought 780 more bitcoin (BTC), bringing its total holdings to 17,132 BTC valued about $2 billion at current prices. The Tokyo-based company paid an average 17.5 million yen ($118,176) per coin, according to a Monday disclosure. Metaplanet uses a metric, called BTC Yield, to track shareholder value in relation to dilution. The BTC Yield for July 1-July 28 is 22.5%, Metaplanet said. For the quarter-ended June 30, BTC Yield was 129.4%, up from 95.6% in the preceding three months. Since adopting a bitcoin treasury strategy based on that of Strategy's (MSTR), Metaplanet has acquired 17,132 BTC, the largest holding among public companies outside the U.S, at an average price of $99,732 per coin. Metaplanet shares rose 5% to close at 1,240 yen on Monday, outperforming the Nikkei 225 index, which fell 1.1%.
Yahoo
4 days ago
- Business
- Yahoo
A Japanese AI Firm Plans to Buy 3,000 Bitcoin Over Next 12 Months
Japanese AI firm Quantum Solutions is set to start investing in bitcoin (BTC) through its Hong Kong-based subsidiary, GPT Pals Studio, the company said in a press release. The decision, approved at a board meeting on July 23, includes plans to initially purchase up to $10 million in BTC using borrowed funds. The firm aims to build a treasury of up to 3,000 BTC, currently worth around $354 million, over the next 12 months. The company cited the depreciation of fiat currencies like the yen and rising global financial uncertainty as key drivers behind the move. Until now, neither GPT nor any of its subsidiaries had included digital assets in their balance sheets. 'In order to efficiently manage surplus funds generated from existing businesses, diversify our asset portfolio to strengthen our financial base, preserve value over the medium- to long-term, and reduce foreign exchange risks, we have decided to add bitcoin to our reserve assets,' the company wrote. This new line of business will be governed by a phased investment policy and a dedicated account at crypto exchange Hashkey. Bitcoin treasuries have been growing in Japan as the country's bond yields keep on rising. Metaplanet, Japan's largest bitcoin treasury firm, currently has 16,352 BTC on its balance sheet, and the number of companies in the country holding the cryptocurrency has been surging. These now include NEXON, Remixpoint, Convene, SBC Medical Group Holdings, Anap Holdings, and others, according to BitcoinTreasuries data. These companies hold 19,623 BTC in total. The figure is still small when compared to the total amount held by the world's largest corporate bitcoin treasury firm, Strategy, which holds 607,770 BTC on its balance sheet.
Yahoo
24-07-2025
- Business
- Yahoo
Trump Media becomes fifth largest Bitcoin treasury company amid $2bn splurge
Trump Media is now a Bitcoin whale. On Monday, Trump Media, the parent company behind US President Donald Trump's social platforms, announced the purchase of a massive $2 billion worth of Bitcoin, officially joining the expanding list of corporate Bitcoin holders. The investment outlay means the company deployed into Bitcoin most of the $2.5 billion it raised earlier in the year from stocks and convertible note sales. The choice, the company's CEO Devin Nunes said, is not just about returns — it's about freedom. 'These assets help ensure our company's financial freedom, help protect us against discrimination by financial institutions, and will create synergies with the utility token we're planning to introduce across the Truth Social ecosphere,' Devin Nunes, Trump Media's CEO, said in the announcement. The size of the investment outlay puts Trump Media in rarefied air: it's now the fifth-largest public holder of Bitcoin, ahead of Japanese firm Metaplanet's roughly $1.9 billion stash. The investment follows a booming trend: dozens of companies are now loading up on Bitcoin as a reserve asset. Some companies have even turned their attention to cryptocurrencies like Ethereum, Solana, and XRP. Pioneers like Michael Saylor's Strategy and Metaplanet have proven that the model can supercharge a company's share price and attract investors, effectively turning a company's stock into Bitcoin exchange-traded fund proxies. Strategy's share price has risen 12-fold in the five years since the company began stockpiling Bitcoin. It now holds about $72 billion worth of Bitcoin, the most by any publicly-traded company. But not every Saylor copycat has been successful. Semler Scientific, a biotech firm, adopted a Bitcoin reserve strategy in May 2024. It's the 14th-biggest corporate holder with over $570 million worth of Bitcoin. But its share price is down 26% this year. The culprit? NAV, or net asset value, which for a Bitcoin reserve strategy company measures the value of the holdings against its share price. Because these companies sell their shares at a premium to fund their Bitcoin buys, the stock value becomes tied to an inflated price of Bitcoin, investment manager Jim Chanos said in May. Metaplanet's stock, for instance, is valued by investors at almost seven times the market price of Bitcoin, according to analysts at 10x Research. For now, Trump Media is up 5% following Monday's announcement, while Bitcoin is trading at $118,000. Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at osato@ Sign in to access your portfolio
Yahoo
23-07-2025
- Business
- Yahoo
Why famed short seller Jim Chanos is warning Bitcoin treasury companies of SPAC-style risk
Jim Chanos has seen this movie before — and he says it doesn't end well. The legendary short seller that called the 2001 Enron bankruptcy is now sounding the alarm on the booming market for corporate Bitcoin treasuries. Chanos is comparing it to the SPAC mania of 2021 that raised $90 billion in just three months before crashing spectacularly. Only this time, it's public companies issuing convertible notes and preferred shares to buy Bitcoin — and not much else. 'We are seeing SPAC-like 2021 numbers in the Bitcoin treasury market right now,' Chanos said on the Bitcoin Fundamentals podcast this week, adding that there are reasonably large announcements every day now — 'hundreds and hundreds of millions of dollars a night.' It shouldn't be a surprise that Bitcoin treasuries have become all the rage. Since Michael Saylor adopted the scheme for his firm, now-called Strategy, the company's stock has soared more than tenfold. That success has brought in a deluge of other companies that want to mirror the model — and reap the same returns. Some, like former budget hotel operator Metaplanet, scrapped its previous business model in favour of a Bitcoin treasury scheme. Its market capitalisation has ballooned to $6 billion from $13 million in one year. SPAC boom and bust Chanos's warning is warranted. SPACs — those blank-check companies that exploded in 2020 and early 2021 — raised $90 billion in just 90 days at the height of the craze. They promised easy exits, moonshot mergers, and infinite upside. Instead, they delivered one of the most brutal post-hype collapses in modern market history. Indeed, many of them tanked. Electric truck startup Lordstown Motors went public via SPAC, hyped a futuristic factory, only to declare bankruptcy in 2023. Its stock dropped more than 98%. Hydrogen truck play Nikola rocketed on nothing more than a rolling prototype and a catchy narrative. The founder was later convicted of fraud. Shares are down over 95% from their peak. By mid-2022, the De-SPAC Index, which tracks companies post-merger, had cratered more than 75%. 'Me too' trades Chanos, who's shorting the premium between Strategy's stock and its underlying Bitcoin holdings — to then go long on Bitcoin — says capital markets are being flooded with 'me-too' Bitcoin trades. 'Now we have to bring in what's also new in the past handful of months in 2025, and that is the proliferation of me-too strategies,' Chanos said. 'I believe it's over 130 companies already — and growing.' Collectively, 154 public companies control about 863,298 Bitcoin worth around $102 billion. According to 26 firms have become Bitcoin treasuries in the past 30 days. Financial engineering Just as SPACs were built on cheap capital, investor euphoria, and zero business fundamentals, the new wave of Bitcoin treasury companies are being built on clever financial engineering schemes. One example is Strategy's preferred shares. Michael Saylor raised over $1 billion through this model just a few months ago. Preferred stock lands in between debt and common equity. Similar to bonds, preferred shares usually pay a fixed dividend and tend to be considered less risky than common stock. Whereas debt comes with a maturity date — the day when a loan has to be paid — preferred stock does not. Holders of preferred shares usually don't get voting rights, but they do have priority over common shareholders when it comes to dividends. And since preferred stock never matures, Strategy has no need to repay the principal, nor does it face the same refinancing or liquidation risk as it would with traditional debt. For Chanos, it's 'complete financial gibberish.' And just like the SPACs, he warns, it could all implode once the money dries up or sentiment turns. Pedro Solimano is DL News' Buenos Aires-based markets correspondent. Got at a tip? Email atpsolimano@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
