StefUAZ

$MTPLF $RIOT $STRC $BTC

[Yan Van De Velde @KeepitFrank_]

Yeah, I genuinely don’t get it. To me the wider Metaplanet ecosystem is by far the most interesting thing being built in this space. What baffles me is watching shareholders relentlessly trash a company they still claim to own.

There’s far too much emotion and sentiment driving the conversation, while the fundamentals get overlooked. I’d welcome anyone testing the investment thesis on the actual mechanics and economics of the business rather than personalities.

[StefUAZ @StefUAZ]

@BTCBULLRIDER https://t.co/KGk0OQy3K6 mabey 🤔

[StefUAZ @StefUAZ]

@gefjon_nasira And we will see the same thing with Superplanet.

[StefUAZ @StefUAZ]

@metapuramaniac @ZoroInvesting Hype is the fuel for Strive. Their strike price is exactly $27, the warrants will become worthless no one will exercise them.Strive would lose nearly $700 million in cash. It wouldn't surprise me if they were involved in trying to persuade Metaplanet shareholders to switch over.

[Zoro @ZoroInvesting]

The theory circulating that Metaplanet fabricated an $800m liquidity test (selling 10K BTCs at a loss then buyback 11K BTCs) to cover up secret option trading losses falls apart the second you look at Japanese securities law.

Japan’s regulatory regime is notoriously conservative. The TSE won’t even greenlight a preferred share listing without a multi-year audited earnings track record.

The idea that Simon, the board, and their statutory auditors fabricated a $800m trade narrative on an official EDINET filing is detached from reality.

Falsifying statutory filings to the TSE is a direct violation of Article 197 of Japan’s Financial Instruments and Exchange Act (FIEA)—it carries up to 10 years in prison.

So why did they liquidate ~23% of their reserves instead of a tiny token amount?

Connect the dots to what Metaplanet Securities is preparing to do: scale BitBonds to corporate and institutional buyers well beyond the 50-investor private placement limit.

To distribute unsecured corporate bonds to conservative Japanese institutions (regional banks, trust banks, life insurers), Japanese credit rating agencies like JCR and R&I require empirical proof of principal liquidity, not just dividend coverage:

1. Bonds aren’t preferred stock. Preferreds pay discretionary dividends. Corporate bonds carry rigid bullet maturities where 100% of the principal is due in a single wire.

2. BitBonds are unsecured. If credit markets freeze at maturity, the only way Metaplanet can redeem bullet principal is by converting Bitcoin into cash.

3. The rating agency haircut. Rating agencies haircut Bitcoin collateral by up to 80% in default models unless management provides hard, empirical proof that they can liquidate an entire debt stack on the open tape without crashing the market.

Selling 10,000 BTC proved 100% coverage of their entire debt principal. It wasn't a panicked trade, it was the exact balance-sheet plumbing needed to build an investment-grade bond engine in Japan.

In my view, when it comes to securing a formal institutional credit rating, Metaplanet is quietly one step ahead of MSTR.

Just my humble opinion, NFA.

#Metaplanet $3350 $MPJPY

[StefUAZ @StefUAZ]

@odysseusito @Metaplanet 😴

[StefUAZ @StefUAZ]

@GordonGekko I wonder why people buy that shit... He is an absolute clown 🤡

[StefUAZ @StefUAZ]

@TedPillows 🎉

[StefUAZ @StefUAZ]

@RosannaInvests No wonder they bought so many people to spread Fud here on X.

[StefUAZ @StefUAZ]

@RomeoInvest Welcome back Romeo iam glad u r still a metaplanet bull.

[Michael Sullivan @SullyMichaelvan]

Some of Metaplanet’s biggest supporters sold their shares.

The Bitcoin treasury company that was once the community darling is now at the center of a massive division.

Just bear market things, right?

One of the great things about Bitcoin sentiment data is that it lets us examine what different groups are feeling. But what makes it so great is the same thing that makes it useful for dissecting controversial events.

And dissecting controversial events is exactly what we’re gonna do today.

We’re going to get deep into the data here, but first, I want to be fully transparent…

I am a Metaplanet shareholder.

So I’ll begin this piece with two promises to you:

1) I’m going to give you a unique perspective on this event that you’ve not read elsewhere.

2) I’ll close by telling you exactly what I’m doing with my Metaplanet shares moving forward.

It’s gonna get spicy, so let’s skip the pleasantries and dig right in.

https://t.co/zI9UPpVsLV

[StefUAZ @StefUAZ]

@swissBTCmaxi @grok That makes sense now. 🤣

[StefUAZ @StefUAZ]

@thebtcpharaoh @DylanLeClair I want that too, and my comment wasn't directed at you, but it is astonishing how many people are suddenly jumping on this bandwagon and trying to badmouth Metaplanet by any means necessary. We can only wait to see what the team reveals to us.

[StefUAZ @StefUAZ]

@n1ckism 🤡

[StefUAZ @StefUAZ]

@DylanLeClair The comments are really funny. It's as if they were waiting for someone from Metaplanet to post something.

[StefUAZ @StefUAZ]

@AdamRaj86681877 @thebtcpharaoh What I mean is that the BTC per share was not further diluted by the 10th series, since it was already factored in.

[StefUAZ @StefUAZ]

@AdamRaj86681877 @thebtcpharaoh Why? We're not in a bull market yet. BTC per share hasn't changed, and Metaplanet will still perform strongly if BTC reaches a new ATH. Now it just depends on how much Metaplanet can generate in the US-Japan their excessive compensation suggests they will achieve great things....

[StefUAZ @StefUAZ]

@HassanAusSyrien 🤡