@KingSuite7@HODL15Capital@orangeyield A lot of us were here and part of a Metaplanet community that was alive and booming, since 2024-2025 Only to find out that management was betraying our loyalty for themselves. We are pissed.
Lies, lies, lies.
Simon says that they sold 10,000 Bitcoin and bought them back again at a $73 million loss to prove liquidity.
He must truly think shareholders are stupid. (Most of the remaining ones are to be honest.)
You don't need to sell close to a quarter of your BTC to prove liquidity, and at a 9% loss to boot.
This has all the markings of a trade gone wrong.
They probably needed the cash for their put selling activity, and ended up destroying significant shareholder value in the process.
Metaplanet is now actively decreasing Bitcoin per share. They are going in the opposite direction of the other treasuries.
Could you imagine if MSTR, ASST, of SWC were secretly trading close to 25% of their BTC like Metaplanet did?
Metaplanet management is both corrupt and incompetent.
I have two important updates to share with you today as we continue to build Metaplanet into a global financial platform rooted in Bitcoin.
From the beginning, our strategy was never simply to accumulate Bitcoin. Our objective has been to build the leading Bitcoin financial company in Asia and, over time, become one of the leading Bitcoin financial institutions in the world.
Over the past year, we have worked to execute that strategy with discipline and speed: growing our Bitcoin reserves, expanding our operating businesses, broadening our access to capital, and laying the foundation for a scalable credit platform built around Bitcoin.
The pending Superplanet transaction, the development of Metaplanet Securities, the expansion of our distribution capabilities, and the continued growth of our Bitcoin holdings are all components of a unified long-term strategy.
Here are the latest steps on this journey:
- First, in the third quarter we executed a sale and repurchase of Bitcoin that demonstrated the liquidity of our Bitcoin reserves and increased our overall Bitcoin position.
- Second, we are launching a Net Interest Income Strategy designed to create recurring income streams and lower our effective cost of capital, supporting the next phase of our growth.
Rating agencies and credit investors ask one question of a Bitcoin company: can that Bitcoin be turned into cash to meet obligations, and will it be? We answered by doing it. We converted Bitcoin into cash, exceeding the total outstanding principal of our bonds, borrowings and other interest-bearing debt. We held that cash, then bought back more Bitcoin than we sold.
Net, we added 1,000 BTC.
As of September 30, Metaplanet held 44,000 BTC, making us the second-largest listed Bitcoin treasury company in the world. Metaplanet has generated revenue from its Bitcoin Income Generation business for eight consecutive quarters, has expanded its strategic footprint through acquisitions and new business initiatives, and has now demonstrated that its Bitcoin can be converted into cash when needed, an important step in our march to realizing our potential in Japan and beyond.
We continue to execute on our goal: Building a world-class Bitcoin financial institution. And we will continue to update you as we move ahead with additional value-creating initiatives.
Full details are in the four TSE disclosures released today.
The long-awaited @RobinSeyr debate is here.
We discuss why I believe $ASST will be the fastest horse at least through 2030, why our industry should work together to build Digital Credit into a massive asset class & more.
TIMESTAMPS
00:00 Strive As The Fastest Horse
11:53 The Amplification Engine Powers The Horses
19:46 How High Can Amplification Safely Go
29:19 What Institutions Actually Want From Digital Credit
38:36 Can New Issuers Catch Up?
56:56 Ratings, Moats and the Premium Question
1:11:48 Is Strive Just Copying Strategy?
1:21:53 The Case for $500K Bitcoin
$ASST $SATA $BTC