Journalist
Posted:
- Metaplanet was looking for an extra $ 13 million raise to create ‘cheap’ BTC.
- The investors of the company were better off than the counterparts of MSTR.
Metaplanet, dubbed as a Japanese micro strategy, has spent another convertible bond salary 2b Yen (about $ 13.6 million) to take the fire discount Bitcoin[BTC] While the King Coin slid under $ 80k.
Dylan Leclair, BTC Strategy Officer at Metaplanet, responded to the Capital Raise and acknowledged that they were to the recent discount sales.
“Time to buy the dip, $ btc.”
For his part, Simon Gerovich, CEO of Metaplanet, explained that they chosen For the bond route instead of selling shares to maintain the value of ‘shareholders’.
“Instead, we used 0% interest on bonds to protect capital to continue to collect Bitcoin and at the same time retain the shareholder value.”
Metaplanet BTC Holding Cross 2K
Source: Bitcoin Treasuries
From February 2025, the company had 2,235 BTC ownership (worth more than $ 180 million), which crossed the 2K marking for the first time this year.
Last summer the company took over the BTC strategy, using the strategy (formerly MicroStrategy) Playbook of the use of debts and selling shares to attract capital for BTC purchase. Since then, the company’s share has risen by no less than +1300%by mid -February.
Despite the recent fall in BTC, the share of Metaplanet was still increased by 930% compared to last summer.
In fact, this year it saw the smallest decrease compared to MRROStrategy’s MSTR and BTC this year. On year -date (ytd), metaplanet fell by 4.8%, compared to MSTRs -17%and BTCs -15%.
Source: Google Finance
However, on the basis of JOJ (on an annual basis), the share of the company rose 1,640% compared to the 28% of BTC and the 150% profit of MSTR.
Simply put, BTC investors who were looking for indirect exposure by Metaplanet were better off than their MSTR opposite hangers.