Metaplanet is joining Strategy in flipping the corporate playbook on its head.

While other companies were busy hoarding cash for a rainy day, these mad lads (or geniuses, depending on what side of the field your’e on) decided to stack Bitcoin instead. 

Now their share price is up 4,800% and everyone's scrambling to figure out how they did it.

We love it when a good plan comes together.

Building The Bitcoin Bag

Right now, Metaplanet is sitting on 1,762 Bitcoin worth about $171M. 

But that's just the start – they want 21,000 BTC by 2026 – someone’s been listening to Michael Saylor. 

To put that in perspective, they're trying to own a slice of Bitcoin that most countries don't even have.

It’s an ambitious goal to say the least. 

From Red to Ridiculous Profit

After bleeding money for seven years straight, Metaplanet finally turned profitable.

Their shareholder count shot up 500% last year, and their market cap... well, let's just say up 6,300% is the kind of return that makes traditional investors question their life choices.

Strategy (formerly known as MicroStrategy) started this trend when their stock went from $13 to $332. 

Now we've got 32 public companies putting Bitcoin on their books instead of cash.

Talk about setting new precedents – Bitcoin-centric companies look like they’re officially part of the new meta. 

Watershed Moment For Bitcoin

It’s not just corporates, either – the tide is rapidly turning for digital assets at a speed that has even the most bullish among us question what switch has been flipped.

Over sixteen US states are writing laws to buy Bitcoin, and than number is growing by the day.

The US and Czechoslovakia are eyeing it for their reserves, too, meaning the Federal level is also in play.

Imagine telling someone in 2010 that governments would be fighting over Bitcoin.

Sure, the most ardent believers among the HODLers would accept it, but most of the Bitcoin diehards would assume you’re a bit too bullish for your own good.

Well, looks like dreams can become reality given enough time, tech, and conviction. 

The Market Eats It Up

Bitcoin is up around 133% since last year and now makes up 60% of the entire crypto market. 

Back in 2022, that number was 38%, meaning that Bitcoin has been gaining ground at a rapid rate.

Generally, that signals the early start of an impending bull market, and with the halving coming up in April, history looks like it just might repeat itself once again.

And, for what its worth, it turns out being first still counts for something.

Corporate Bags The New Norm?

Metaplanet is showing the world that going full Bitcoin isn't as crazy as it might sound. 

Seven years of losses turned into the kind of gains that make even the most risk-on firms blush – that’s something to be proud of.

More companies will no doubt follow. 

Now, whether or not they should depends on their balance sheets, convictions, and shareholder preferences… and of course how well they can stomach good old fashioned asset volatility. 

Either way, when traditional companies start treating Bitcoin like it's better than cash, something's definitely changed on a fundamental level that’s hard to describe, but oh so easy to feel in your portfolio.

Just don't expect your local bank to start giving Bitcoin loans anytime soon – they tend to be the last ones to get the memo.