Devin Smyth
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@varrock Slight misunderstanding. They didn’t move there. There was nothing there. They built it from scratch. @StrydomJoost
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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 next days and weeks.
6 weeks after my initial purchase, we hit an all-time high of 1,930 Yen. I've never seen such a steep rise in anything I ever bought.
This rise caught me by surprise, as I'm a long-term investor and haven't even finished my research yet.
I think in years, not weeks.
Over time, I used my famous MSTR ATM to rotate most of my MSTR into Metaplanet.
Today, I control 2+ million shares and am as bullish as I ever been.
The winter was hard, not gonna lie, but we're mostly through it now.
So many people gave up and sold the bottom. Not me. I kept accumulating over the past 6 months.
Here's my current thesis for Metaplanet:
- Metaplanet will soon be the #2 Bitcoin Treasury company in the world, and will stay there
- I expect them to reach 500K+ Bitcoin over time, growing their stack by 10x
- Japan has a population of 122 million people, ranking as the 12th most populous country in the world
- This month, Japan’s Cabinet approved landmark legislation to reclassify Bitcoin as a financial product / financial instrument. This will reach full operational status by January 2028
- Metaplanet currently owns ~87% of all the Bitcoin held by public companies in Japan. I expect this share to grow over time, making Metaplanet the Strategy of Japan (and possibly whole Asia)
- Japan's population owns $14.8 trillion in household assets, of which $7.2 trillion in cash & deposits
- Cash held in ordinary bank accounts (savings/checking-style deposits) in Japan currently yields around 0.30–0.32% per year
- Typical money market funds yield 0.45–0.65% per year
- That's exactly the opportunity for Metaplanet's upcoming preferred shares. By offering yields of 4-8% they tap into this vast pool of household assets, which will be the engine of Metaplanet's growth
- I see the chance of a successful MARS and MERCURY IPO at 80%. Japan is conservative and slow, but I expect the IPOs to eventually be approved
- Until then, we have ample time to accumulate shares for an undervalued price. Remember Warren Buffett who said "be fearful when others are greedy, and greedy when others are fearful"
- When the pref IPOs are approved, it will be too late to buy at this hugely undervalued price
- Metaplanet runs a sophisticated derivatives operation, generating regular and growing income
- This income will be enough to buy the pref dividends, eliminating the need to sell common stock to fund the dividend payments
- Metaplanet will build other operating businesses with the goal to build, operate, or invest into the Bitcoin infrastructure of Japan
- Metaplanet will develop Bitcoin-focused capital markets products, bridging Asian and Western institutional capital flows
- Metaplanet has the #2 team in the space (after Strategy), and in some respects they are the leading company (e.g. running a derivatives book)
- I expect their mNAV to expand once Bitcoin's growth returns, fueling their growth by juicy common stock sales, as they did in the first 6 months of 2025
- I bought a large stake in MSTR in early 2023 for ~$15 per share, riding it until ~$450 per share. I expect to repeat this with Metaplanet
That's just a short summary, and I'm sure I forgot a few points.
I can't wait to see what @gerovich and his team will cook in the months and years to come.
Bullish on this Japanese hotel company.
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@Leonardaisfunny @HarrisonHSmith I lost brain cells watching this. God speed Leonarda, don’t waste your time on this shit.
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@k9_reaper @Recon1_ZA Pick something and commit to it. You’ve been asking the same question every few months, for like two years now.
Just commit, fail, try again and something will stick 💪🏻
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@IGN are you ever going to hire real gamers again ? Or is retard a prerequisite for hire ?
I’m referencing the latest review about the mouse Detective game, let alone the crimson desert review. Have you no self respect left ?
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@k9_reaper The “serious” sport shooters put around 20K rounds downrange in a single year. I’ve never come close to that, but if I push it it’s still close to 5K. If I didn’t reload I wouldn’t be able to afford it. And people think a couple of thousand rounds in your safe is “crazy”…
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With a Section 16 - your ammunition limitation is (in theory) unlimited. You can carry and store as many rounds as you like - within "reason".
JJ Opperman@jj_jjopperman
@k9_reaper Laat ek nou die drol in did drinkwater wees, 200 rontes per pistool is die wetgewing so ver ek weet.
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@Slatzism We must simply praise him because he is Black and has an interesting outfit.
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“Wow he was invited to the Louvre?”
No, he just went on his own and sat outside.
“But he was there for a chess tournament right?”
No, there was no chess tournament.
“Ok… but surely he’s a great and noted chess player?”
No, he doesn’t even rank in the top 25 in Nigeria.
Tunde Onakoya@Tunde_OD
First Nigerian to play chess at the Louvre 🇫🇷-The world’s most prestigious museum.
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@Saxon_African @Joe__Bassey His username is Typical African ? Did you expect comprehension here ?
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@Joe__Bassey The women was neither his wife , nore was sentenced to 5 years. He was sentenced to 13 years and 6 months
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A white South African man killed his wife with a gun. The court gave him 5 years in jail. A black man shot in the sky celebrating the anniversary of his party. The court gave him 5 years plus 2 years plus many fines in the same South African 🇿🇦 court.
Julius Malema didn’t kill or injure anyone. His bullet went straight into the air. But the court punished him more than the white man who killed his wife. This case is not about crime; it is Western-motivated and about silencing Julius Malema and the EFF.


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@RomanCabanac The modern world as we know it was built on caffeine and nicotine. It’s got a lot worse as those have become demonized.
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@DevinSmyth Should you not be able to DM us, please share your details directly with our online team on shop@woolworths.co.za
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@WOOLWORTHS_SA Could you explain to me why it’s so difficult to get another order, when the first was accepted by a different house ?
You’d think I’m asking for revenue share or something ?
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These disgusting jews Are unable to reflect and understand why the entire world hates them
This kik@ challenges me to a fight then ran away when I accept all of his demands
I'll fight him for free or for money any time or anywhere but we all know they only fight children
ACTIONMAN@Ac7ionMann
Sorry guys @jakeshieldsajj backed down because he didn’t want smoke because he is afraid of Jewish people and he didn’t want me beating him into a coma in front of the world. Don’t ever talk to me like that again coward. I always knew your parents raised a loser nazi coward. “I’m gonna be busy for a while” The internet will never forget this.
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@rupertheimer @RomanCabanac How is being anti Russia good for Hungary ?
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@DevinSmyth @RomanCabanac No. Hungary will be more like Poland now. Still relatively socially-conservative, still anti-immigration but the big change (from Orban) is that the government will now likely adopt an overtly anti-Russia position.
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@DevinSmyth @RomanCabanac Péter Magyar has repeatedly promised to maintain a strict stance on migration, very much in line with Viktor Orbán's approach — and in some respects, even tougher.
Maybe don't opine on topics you don't know much about Dev.
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@jccobra666 @RomanCabanac What a stupid comment. “Water is wet”.
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"sleep training" a newborn means letting a defenseless baby scream for its mother in the dark until it's either exhausted or has given up on life.
the attachment literature is clear that before 6 months, a baby crying with nobody coming learns exactly one thing, that calling for help doesn't work
and you even have parents bragging about how they tortured their kid into an 8h sleep
you need to attend to every need of your child. they don't have a prefrontal cortex able to understand what's happening. if you love them and care for them, they'll barely cry, and when they do there's a clear reason you can address right away
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