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BREAKING: Japan’s Metaplanet Wastes $7 Million on Voodoo Currency, Somehow Makes Money Off Gullible Investors!

BitcoinCrypto NewsFeatured Sam Rogers October 7, 2024

A Metaplanet CEO stands triumphantly on top of a pile of Bitcoin coins while holding a large check with $7 million written on it. In the background, a Tokyo skyline glows at sunset as investors' money pours into his company's stock.

Just when you thought it was safe to go back into the Tokyo stock market, along comes Metaplanet with another Bitcoin purchase that’s about as exciting as a plate of last week’s sushi at your local izakaya. $7 million down the drain on some numbers on a computer because why not? The share price surges 10%, because apparently there are still plenty of gullible idiots out there who think this is a good investment strategy.

Source: cointelegraph

Japan’s Metaplanet makes $7M Bitcoin buy, bringing holdings to $40.5M
https://cointelegraph.com/news/metaplanet-7-million-bitcoin-buy-holds-40-million
Japanese investment company Metaplanet made another Bitcoin purchase, bringing its stash to almost 640 Bitcoin and sending its stock surging more than 10%.  On Oct. 7, Metaplanet announced its latest Bitcoin purchase after the Tokyo-listed firm scooped up another 108.78 Bitcoin (BTC), worth about $6.92 million at its current price of around $63,600. Metaplanet, which has been dubbed “Asia’s MicroStrategy” after the American BTC-buying firm, has been aggressively acquiring BTC […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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