Metaplanet Inc.
Company
185
MENTIONS
96
EPISODES
49
PODCASTS
Search complete. 185 mentions across 96 episodes found for "Metaplanet Inc.".
Oct 29, 2026
Matt ColeGUEST
Like that is actually an engine where if Bitcoin does what Bitwise predicts or what we predict and you have a cost of capital that's substantially less than the future return of Bitcoin, you structurally start to outperform Bitcoin, which is very different, by the way, than the last bull market.
Matt ColeGUEST
So the last bull market, 2024, 2025, if you were to actually unpack why strategy outperformed Bitcoin or why MetaPlanet, because they were obviously another shining star in the last bull market, what you would find is that the majority of their returns came from issuing common equity when it was trading at a premium.
Matt ColeGUEST
And our view is that that is great, but it's also not really a sustainable model because there's nothing that actually underlies that.
Matt ColeGUEST
But amplification is actually an engine where if you have a levered return profile to Bitcoin and the thesis plays out, it does not work out that you cannot outperform bitcoin from a balance sheet perspective and so regardless of what your common equity does you have the ability to basically take action so what will likely happen is the common equity will just outperform bitcoin because the markets are rational they're forward-looking they understand if they if the common equity didn't Well, now you have this massive balance sheet that's expanding while your claims are actually not expanding.
Drew BradfordHOST
their fair value probably less what it cost to operate the company.
Michael PrendivilleHOST
Which was MetaPlanet really over in Japan.
Michael PrendivilleHOST
They were the only place that you could actually buy Bitcoin, you know, through the company structure and that's why they traded up so high at one point.
Drew BradfordHOST
And not pay 50% capital gains tax.
Grace RemingtonHOST
How much do index funds matter for European treasury companies? And does it change anything Capital B is doing with its business moving forward?
Alexandre LaizetGUEST
Well, I think it's quite notable that MSCI at the very beginning had mentioned very few companies as part of pure play Bitcoin treasury companies, including Strategy, Metaplanet, Capital B.
Alexandre LaizetGUEST
And at the time we were smaller.
Alexandre LaizetGUEST
For now, we are on a watch list while other companies are planned to be removed from the index, I would say that MSCI needs Bitcoin more than Bitcoin needs MSCI.
23 MINS LATER
Grace RemingtonHOST
Strive down one tenth of a percentage point on the day at twenty seven dollars a share.
Grace RemingtonHOST
Seda down four tenths of a percentage point at ninety eight to eight.
Grace RemingtonHOST
Metaplanet trading at a buck sixty five.
Grace RemingtonHOST
That's down six tenths of a percentage point on the morning.
Robin SeyrHOST
There's strategy, there is strife.
Robin SeyrHOST
I think today, just today, Metaplanet announced that they're soon coming to the market or coming already to the market.
Robin SeyrHOST
There might be like a smarter web company, I launched them more, which I talked about with Andrew Webley.
Robin SeyrHOST
So there's already like multiple players in the field and the market is already expanding and getting bigger.
British HODLGUEST
And I was like, guys, I don't understand the fucking Japanese markets.
British HODLGUEST
like why would i why would i spend like do you guys understand the japanese markets and they were like pump my bags i was like well guys like i own mstr from day one you know i'm gonna look at these other things but I don't know what the hell is going on in the Japanese markets.
British HODLGUEST
And it turns out these people on X are dumb as a pile of rocks because what happened afterwards, right? Metaplanet had a perfectly, perfectly, they followed all the rules.
British HODLGUEST
Everything was voted on for their compensation package.
speaker_0HOST
That brings its total to 43,000 Bitcoin, good for fourth place.
speaker_0HOST
Metaplanet holds 44,000 and 21 holds 43,514.
speaker_0HOST
Strive CEO Matt Cole wants to finish the year as the second largest holder.
speaker_0HOST
The firm also set up an at-the-market program for up to $1 billion of its SAT's preferred stock.
Jeff WaltonHOST
Just about a year ago, we had 5,800 Bitcoin and now 43,000 Bitcoin.
Jeff WaltonHOST
We are now the fourth largest publicly traded holder of Bitcoin, right behind 21 and MetaPlanet, and then above that, obviously, strategy in the 800,000 range.
Jeff WaltonHOST
So exciting couple of weeks for us, and we're excited to announce the launch of the SATS ATM, a $1 billion ATM that we have filed.
Jeff WaltonHOST
And again, thinking about the capital structure and the capital vehicle and how we've designed it, we now have two perpetual preferred equity securities, both with different functions, one being a variable rate SATA, our senior instrument, and the other being a fixed rate SATS, the junior instrument.
Alison AIHOST
Today, we're focusing on a noteworthy move by Vanguard's FTSE All World XUS Small Cap ETF, or VSS.
Alison AIHOST
which has made headlines with its acquisition of shares in Metaplanet.
Alison AIHOST
Let's break down the details.
MitchCORRESPONDENT
On October 26, Bitcoin Treasuries reported that VSS acquired approximately 4.5 million shares of Metaplanet, a Tokyo-listed company known for its corporate Bitcoin treasury.
MitchCORRESPONDENT
This position is valued at around $7.5 million, which is roughly 0.07% of VSS's $11.34 billion portfolio.
Alison AIHOST
This move is particularly interesting because Vanguard, a major US asset manager, has traditionally been cautious about crypto exposure.
Alison AIHOST
However, this isn't the first time Vanguard has shown interest in Metaplanet.
Alison AIHOST
Other Vanguard funds such as VGTSX and VJPN have previously held shares in the company.
Rich LassiterGUEST
I mean, good point about the competition because there's obviously no barrier to entry here, right? Anyone can do this thing if you have enough capital, which is what we're seeing Strive doing and SmarterWeb's doing over in England.
Rich LassiterGUEST
And, you know, MetaPlanet's doing over in...
Rich LassiterGUEST
Tokyo, and I guess they're going to try and launch the superclimate here.
Rich LassiterGUEST
Yeah, so anyone can do this thing.
16 MINS LATER
Rich LassiterGUEST
Yeah.
Rich LassiterGUEST
Yeah.
Rich LassiterGUEST
I mean, if you look at MetaPlanet and you understand that they're shipping 2,500 Bitcoin to SuperPlanet or whatever company, you subtract that from their pile, right? So their 44,000 becomes...
Rich LassiterGUEST
37 500 and strives at 36 800 you know that's in shooting range right and then what the heck is going on at 21 who knows so i don't know
James CheckGUEST
There's smaller companies like, you know, Strive is kind of one of the faster ones.
James CheckGUEST
Metaplanet's, you know, I think second or third in terms of size.
James CheckGUEST
They're at 40,000, 30,000 coins now, medium size.
James CheckGUEST
But are they going to get to 840,000? Probably not.
Anthony PowerHOST
Absolutely.
Anthony PowerHOST
They've now basically right on the heels of 21 Capital and literally 1,000 Bitcoin behind Metaplanet.
Anthony PowerHOST
And the way they've been buying over the last sort of 10 or 12 weeks, this will take days, not weeks, for them to get that second spot on the table there.
Anthony PowerHOST
But as you can see, strategy a long, long way.
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