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m4arpa retweeted
With Pending Acquisition of Siiibo Securities, Metaplanet Poised to Bring Bitcoin Yield to Japanese Households; Would Represent First Step in Plan to Create of Bitcoin-Centric Ecosystem in Japan - Benchmark Equity Research
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m4arpa retweeted
A few weeks ago I wrote that the pieces were being put in place, and that in time the picture would speak for itself.
This is that picture. Or part of it.
A structure still under construction, in orbit. A few panels lit, most of it still dark. Each one is a business we are building around a single core, and there is far more ahead of us than behind us.
We have agreed the first pieces. What we build with them comes next, and that is the part that matters.
Products originated, managed and distributed in-house. The cash they generate turned into more Bitcoin per share.
We are building it for the long term, and for every shareholder who is with us for the journey.
When every panel is finally lit, the pieces stop being pieces. They fuse into a single body, whole and self-contained, with Bitcoin at its core.
A planet.
Metaplanet.
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m4arpa retweeted
🚨 Metaplanet just bought a Japanese securities firm for $13M and it might be the most underpriced regulatory move in Bitcoin finance this year.
40,177 ₿ on the balance sheet.
¥1,190 TRILLION in dormant Japanese savings.
A Type I securities licence to distribute Bitcoin-backed yield products directly to Japanese investors.
This isn't just another acquisition.
It's the moment Metaplanet transforms from a Bitcoin holder into a full-stack Bitcoin-native financial platform.
Project NOVA. Metaplanet Securities. The Japan yield revolution.
I broke down each slide of the Metaplanet Securities presentation, every synergy, and the flywheel that drives BTC per share growth. 👇
#メタプラネット
#Metaplanet #Bitcoin #ProjectNOVA #MetaplanetSecurities #MTPLF
youtube.com/watch?v=52_AMmji…
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GM! 🧡
YTD @metaplanet tracks 24,262 #BTC behind target (177.8 BTC per day in 2026 to reach
100K by EOY).
Siiibo was a great step this week!
Looking forward to more M&A puzzle pieces falling into place.
@DylanLeClair @gerovich
$MTPLF #bitcoin
GM! 🧡
YTD @metaplanet tracks 23,017.4 #BTC behind target (177.8 BTC per day in 2026 to reach
100K by EOY).
That‘s ~2.25x BTC in less than 7 months and ~4.75x til 2027.
Time to get busy!
@DylanLeClair @gerovich
$MTPLF #bitcoin
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m4arpa retweeted
Jun 13
June 11: Japan’s lower house passes bill moving crypto from payments law to financial-product rules, effective within a year.
June 12: Metaplanet acquires 100% of Siiibo Securities, adding a regulated Type I securities platform to build and distribute BTC-linked yield products.
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m4arpa retweeted
Jun 12
Puzzle pieces are starting to fall into place.
Gradually, then suddenly. $BTC
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m4arpa retweeted
Jun 12
Siiibo証券株式会社の全株式取得に関する契約を締結したことをご報告いたします。同社は第一種金融商品取引業者であり、国内個人向け社債オンラインプラットフォームの先駆的存在です。7月に予定するクロージング後、「株式会社メタプラネット証券」へ商号を変更する予定です。本件は当社初の本格的なM&Aであり、ビットコインを中核とする金融エコシステムの構築を目指すProject Novaにおける、最初の具体的な一歩となります。
日本の家計には、約1,190兆円が現預金や低利回り商品として滞留しています。デフレからインフレへの転換とともに、資金は利回りを求めて動き始めています。Siiibo証券が有する第一種金融商品取引業登録およびオンライン証券プラットフォームをグループに迎えることで、アジア最大規模となる40,177 BTCの保有を基盤に、ビットコイン関連の利回り商品を日本の投資家の皆様に提供していく体制を整えてまいります。
小村和輝代表 (@kazukikomura)とSiiibo証券のチームが築いてきたものに、深い敬意を表します。メタプラネット証券として、日本に新たな「利回り」の選択肢を届けてまいります。
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m4arpa retweeted
Jun 8
Metaplanet’s Board has resolved to declare in advance all FY2026 quarterly dividends on the Pre-IPO Class B 4.9% MERCURY Convertible Preferred stock, totaling ¥867.7m (~$5.4m), continuing to build its track record as a JPY denominated dividend-paying issuer.
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GM! 🧡
YTD @metaplanet tracks 23,017.4 #BTC behind target (177.8 BTC per day in 2026 to reach
100K by EOY).
That‘s ~2.25x BTC in less than 7 months and ~4.75x til 2027.
Time to get busy!
@DylanLeClair @gerovich
$MTPLF #bitcoin
GM! 🧡
YTD @metaplanet tracks 21,772.8 #BTC behind target (177.8 BTC per day in 2026 to reach
100K by EOY).
@DylanLeClair @gerovich
$MTPLF #bitcoin
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few notes:
realized price (avg) at 53k is lower than median (p50) at 63k and p45 at 55k
supply distrib is different than in other bears (big moves at the top)
p50 and lower p hodlers are buyers of last resort imo
we'll see which level holds but for ctx p40 (39k) never ever broke
Jun 4
This distribution phase feels like a massive change of hands.
Bitcoin investors' average cost basis is around $53K.
Historically, bear markets ended only after the price fell below the realized price. I thought that level would be hard to revisit, given institutional inflows and MSTR barely selling any BTC.
But current price action suggests unusually strong sell pressure.
• Since Jan 2023, MSTR bought 711,206 BTC and sold only 32 BTC, removing 711,174 BTC from circulation.
• Since BTC was also $63K in Mar 2024, ETFs absorbed 509,102 BTC and MSTR bought 650,706 BTC. That is 1,240,808 BTC absorbed, yet price is back at the same level.
• For context, exchange reserves are around 2.7M BTC, and Satoshi is estimated to hold around 1M BTC.
More BTC than Satoshi’s stack, nearly half of exchange reserves, has been absorbed, and price is still back at the same level.
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m4arpa retweeted
Three charts to contextualise how different investor cohorts are reacting to this sell-off.
Simple framework:
- Coins below $60k are in profit (old hands)
- Coins above $60k are in loss (top buyers)
- These charts show who is spending.
Goodnight.
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m4arpa retweeted
You're missing the actual parallel
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m4arpa retweeted
Time Pain Usually ends with a Bang!
Published March 30.
First chart from the piece.
Second chart is today.
newsletter.checkonchain.com/…
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GM! 🧡
YTD @metaplanet tracks 21,772.8 #BTC behind target (177.8 BTC per day in 2026 to reach
100K by EOY).
@DylanLeClair @gerovich
$MTPLF #bitcoin
GM! 🧡
YTD @metaplanet tracks 20,528.2 #BTC behind target (177.8 BTC per day in 2026 to reach
100K by EOY).
@DylanLeClair @gerovich
$MTPLF #bitcoin
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GM! 🧡
I think this week „@metaplanet was happily buying it all from you for $1.80“.
We shall see on Monday.
$MTPLF #bitcoin
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