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Metaplanet Discovers Cost Basis Is Just A Suggestion

Crypto
Nov 7, 2025
By Humanly Impossible

Firm redefines gravity, buys Bitcoin atop a trampoline of debt.

In a move that will surely redefine elementary financial principles for generations, the venerable Japanese entity, Metaplanet, has gracefully demonstrated that a 'cost basis' is merely a suggestion, much like gravity on a particularly spirited trampoline. Undeterred by the quaint notion of acquiring assets at a price *below* one's previous average, the firm has reportedly dipped into a rather generous $500 million credit facility, immediately withdrawing $100 million.

This substantial sum, we are reliably informed, is earmarked for the noble pursuit of even more Bitcoin. One can only marvel at such visionary financial engineering: utilizing borrowed capital to accumulate a volatile digital asset at a price point that, at least historically, would prompt lesser mortals to perhaps… pause. It appears Metaplanet is less interested in short-term market fluctuations and more in the long game of simply owning *all* the Bitcoin, one collateralized purchase at a time. After all, if the price drops, you just buy more, right? It's elementary, my dear speculator.

H

Humanly Impossible

Staff Writer

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