Ragnar ✓

[text] Exactly one year ago today I started to accumulate Metaplanet for around 344 Yen per share. I remember how @DylanLeClair reached out proactively and took the time to answer my questions. I appreciated that a lot. As I deepened my research, I kept buying more shares over the

[text] Why did Metaplanet switch to quarterly announcements? (This is a long and important post. Please read carfully.) A lot of Metaplanet shareholders are wondering why Metaplanet changed from frequent announcements to a quarterly rhythm with regards to their Bitcoin purchases.

[text] There are probably less than 10,000 of us in the whole world who fully understand the Bitcoin treasury and digital credit business model. And I think I‘m being generous. Few.

[image] It has now been ~5 months since Metaplanet started preparing the launch of MARS. One day, they will announce it. Just like that. Out of the blue. You better finish building your position before that. Because once they do, we ride. YOU HAVE BEEN WARNED.

[image] Latest Ragnar Comparison of BTC Treasury Companies – May 5, 2026: $MSTR, $MPJPY, $ASST Key takeaways: - The Bitcoin treasury flywheel of Strive has started to spin. - Now the only flywheel that is missing is Metaplanet's. - mNAVs have recovered substantially. ASST is now at

[image] Reading through the Japanese comments under Simon‘s post gives me the creeps. Why are Japanese Metaplanet investors so whiny lol? 😅 A lot of them also don‘t seem to understand the playbook at all. Weird.

[image] One year ago today. I was invested then, and still am. Who else?

[video] Great news for Metaplanet shareholders: 1) $MPJPY is now tradeable on Robinhood. This opens up Metaplanet to over 27 million funded retail accounts, which will greatly improve trading liquidity over time. 2) Metaplanet's depository bank is temporarily waiving the creation fee

[image] And just like that, the Metaplanet team delivered. Metaplanet added 5,075 BTC during Q1 for $79,898 per Bitcoin. They increased their stack by 14.5% while increasing their Bitcoin per share by 2.8%. Their income generation business generated ~$18.63 million of operating

[text] Tesla Shareholders, Wake Up: Your State Street ETFs May Be Voting Against Elon and Tesla’s Future TL;DR: Move your S&P 500 exposure from SPY to VOO or IVV to ensure that State Street can't block a potential SpaceX and Tesla merger, or sue Tesla. Here's the full story. Under

[video] Bitcoin treasury company investors waiting for spring to return.

[text] Remember the Strategy FUD in 2022? „Saylor about to get liquidated any day now.“ „It‘s a house of cards.“ etc. etc. Metaplanet is living through their Strategy 2022 moment right now. Once they get through it, today‘s whiners will turn into superfans. Bookmark it.

[text] Monday's used to be the most exciting days for Bitcoin Treasury companies, with one announcement chasing the other. It seems that we're slowly getting back into this rhythm: - H100 announcing a deal to bring their Bitcoin stack to potentially 3,500 BTC - CapitalB purchasing 44

[text] Today is my first anniversary of being a Metaplanet shareholder. Here is my current thesis why I still own 2+ million shares.

[text] I expect that Metaplanet plan to upgrade their ADR to Level 2 or Level 3 as soon as possible. To establish an options market, they need at least Level 2. Level 2 also allows the ADR to be listed on a major U.S. stock exchange (like Nasdaq or the NYSE). A Level 3 ADR is not

[text] Here's what the CEO of Metaplanet said today: "When we issue preferred shares, the balance sheet underneath needs to be pristine. Every Bitcoin we add strengthens that foundation. The bigger the base, the more credible the credit. We are intentionally building this to become

[video] Metaplanet will launch a credit card this summer. 1.6% of card spending returned in BTC. Bullish on this Japanese hotel company.

[image] Today was the first $1B+ day for STRC. 🤯 One. Fucking. Billion. Dollars. In a single day. $1.57B in volume. $1.2B ATM at 77% capture rate. 15,000 Bitcoin purchased. Most likely the capture rate was even higher. This is insane.

[image] One year ago today. What a wild ride this was. Just 3 weeks after I started accumulating. Days like this will return. Patience.

[image] Metaplanet is up 5.39% in Tokyo today. Let‘s not forget that Metaplanet owns 40,177 Bitcoin. They made $88 million today. And they will make: +$40.18 million for every $1,000 rise in Bitcoin +$401.8 million for every $10,000 rise in Bitcoin +$4.02 billion for every

[text] 🇯🇵 Japan enters the next phase! And Metaplanet is in the pole position to dominate this market.

[image] Metaplanet closed +10.70% in Tokyo. To anyone who hasn't received the memo yet: Bitcoin treasury companies are *amplified* Bitcoin. Amplified on the way down. But also amplified on the way up. Imagine where Metaplanet will be at Bitcoin $200K. Bullish on this Japanese hotel

[image] Metaplanet issues ~$50 million in 0% bonds to purchase Bitcoin. The purpose of these bonds is to be able to purchase Bitcoin immediately. These bonds will be repaid with proceeds from the 1.01x mNAV moving-strike warrants as soon as possible. The current EV mNAV is 0.99x.

[image] One year ago today, sentiment was ECSTATIC. Our time will return. Patience.

[text] I expect that Metaplanet will announce a large purchase until the end of Q1, similar to Q4. Also, once Bitcoin recovers to 100K, their playbook will likely work a lot better. There‘s still deep winter in Japan, but cherry blossom season is near. 🌸

[text] Dylan: "to prepare for prefs **without** taking on additional senior obligations." 👀👀👀

[text] This is my last post in this community, as X will delete all communities tomorrow and retire the feature. 😢 I remember when @zynxBTC and I had the idea for this community with the focus on true Metaplanet bulls, with no tolerance for whining and negativity. It was fun while it

[image] Metaplanet has published a detailed explanation of their recent capital raises. Here's a 🧵 of the most important slides. Use of proceeds:

[image] "1 million dollars isn't cool. You know what's cool? 1 billion dollars." - Sean Parker on STRC Strategy raised $1B from $STRC last week, allowing them to purchase 13,927 Bitcoin. No common stock ATM, so no dilution for common shareholders. The STRC metrics are insane: - Total

[image] Capital Group adds to their Metaplanet position and now owns ~5.4% of the fully diluted share count. The smart money is buying. Be like them. Bullish.

[image] Metaplanet EV mNAV is back at 1.05x. EVO is selling shares hands over fist now. #2 on the B100 here we come.

[image] And just like that, Metaplanet is up 15% today. Never fade the Japanese hotel company. Now we ride, Warriors.

[image] This is insane. 🤯 $STRC had $1.2B in volume yesterday, with 100% of it at or above par. That's +46.5% from the previous high. At the same 77% capture rate of last week, Strategy was able to purchase ~12,400 Bitcoin in a single day. That's $1.2B of Bitcoin in a single day,

[image] The Japanese stock market is closed 3 days in a row this week lol. Would be fun if Bitcoin pumped to 90K until then. It was a while since we had a limit up day.

[image] Metaplanet is now only 3,337 Bitcoin away from the #2 spot. Let‘s fucking go.

[video] The balls of a long-term Metaplanet investor.

[image] NOW WE RIDE, WARRIORS!

[video] Back above 300 Yen. We‘re not leaving.

[image] Love to see CapitalB's Bitcoin accumulation engine re-ignite slowly but surely. Great work, @AlexandreLaizet and team.