I made an investment recently, doubling it in a few months and as I always tend not to sell, I took the opportunity to sell and lock in the profits as it was a bitcoin treasury company that I invested in based on someone I follow on X.
It wasn’t a calculated move as I just felt the momentum and wave of excitement for it was phenomenal hence I knew it was a short trade. It wasn’t easy having to monitor the price and because I wasn’t well researched into the company, when the price dropped, I was quite irritated, in the end, I decided to leave with some profits and keep a small position of it.
Metaplanet
I had a low 5 digit cash on hand and decided to do a short trade on it or just sell some cash secured puts while earning some premiums. It was early May 2025 and I saw on X @vincent13031925 talking about this company called Metaplanet, I dive into research more, finding out that it is a bitcoin treasury company with 1 remaining hotel in Tokyo, Japan.
They used to own hotels worldwide but was hit by Covid and hence the CEO dived into Bitcoin. I liked Metaplanet comparatively to other Bitcoin Treasury companies as firstly, it is based in Japan! Singaporeans loveeeeee anything Japanese because we know that they are more detailed and usually think a lot about risk before making a decision.
A bitcoin treasury company in Asia and especially in Japan where the currency has been dropping means that the population might be seeking an alternative to the Japanese Yen to save as it was corroding year on year. Bitcoin could be the answer. @vincent13031925 also listed out many of the actions of the board and how they can take advantage of the low interest rate in Japan to raise funds as well as issue more shares to raise funds which dilute shareholders but increase bitcoin holdings.
It sounded smart and I knew it was gaining traction especially since they had a listing on the US OTC Markets and the Germany markets. With the traction on X, it seems that everyone was excited, I made my move and bought in my first tranche at 580 yen and added more at 619 yen and finally at 606 yen.
Selling
In June 2025, I decided to sell my position at 1508 JPY leaving just a very small position in case it goes hyperbolic, it was not easy deciding to sell as I do have some inertia in selling as I always think that it will go up more but overall it was a good one for me as I didn’t need to keep looking at the price and it was intended to be a short trade.
With the profits, I increased my position in QQQ and Bitcoin. Overall from June till now, it was a good diversification of my profits as Bitcoin has seen substantial growth this 2 weeks. It has also propelled my portfolio value.
But I definitely am not into short term trading. The metaplanet thesis still stays and they are accumulating bitcoin at a rapid pace, the CEO looks up to Michael Saylor and so they want to be like Strategy but in Asia. I am still holding a small portion but in the meantime just enjoying seeing the green in the market!
