May 12 Update: #Bitcoin# ETFs: 1D NetFlow: -7 $BTC(-$566K)🔴 7D NetFlow: +612 $BTC(+$49.41M)🟢 #Ethereum# ETFs: 1D NetFlow: -1,183 $ETH(-$2.7M)🔴 7D NetFlow: -2,742 $ETH(-$6.25M)🔴 #Solana# ETFs: 1D NetFlow: +259,129 $SOL(+$24.62M)🟢 7D NetFlow: +669,359 $SOL(+$63.59M)🟢

Metaplanet issuing their prefs to buy only 200 BTC/day would be absolutely psychotic. I ran the CEBE math on this scenario (no common stock issuance or crazy mNAV expansion, and only 1,400 Bitcoin per week) Starting point: 40,177 BTC 0.97x EV mNAV $297M debt $149M preferred 2,463 raw sats per diluted share ~2,157 CEBE sats/share after senior claims Now imagine Metaplanet buys 200 BTC/day for 3 years using preferred equity only. No common issuance. That adds 219,200 BTC. Total stack becomes 259,377 BTC Yes, a quarter-million Bitcoin treasury built by feeding yield addicts into the preferred equity wood chipper. At 0.97x CEBE NAV, projected Metaplanet share price: Year 1: BTC to $100k: $1.97 BTC to $150k: $2.73 BTC to $200k: $3.49 BTC to $300k: $5.00 BTC to $500k: $8.04 Year 2: BTC to $100k: $2.62 BTC to $150k: $4.86 BTC to $200k: $7.11 BTC to $300k: $11.60 BTC to $500k: $20.59 Year 3: BTC at $100k: $3.58, +73% BTC at $150k: $8.03, +288% BTC at $200k: $12.49, +503% BTC at $300k: $21.39, +934% BTC at $500k: $39.21, +1,794% The bear case is literally “what if Bitcoin only goes to $100k and Metaplanet only goes up 73%.” Horrifying stuff. At $300k BTC, common equity CEBE rises to ~7,351 sats/share even after the preferred claims. At $500k BTC, it hits ~8,084 sats/share. Preferred investors get their yield. Metaplanet gets Bitcoin. Bitcoin goes up. The dollar senior claim shrinks in BTC terms. Common equity eats the residual like a starving rat behind a Tokyo 7-Eleven. Remember, this is with ZERO common shares issued or mNAV expansion. BULLISH ON THE JAPANESE HOTEL COMPANY: :::

📢Update Satisfaction Survey Announcement (Jan 2, 2026) We have prepared a satisfaction survey to gather your valuable opinions and provide better service regarding the BrownDust2 update. So we ask for your participation. ※ The responses you submit are collected to improve service quality and can be used for BrownDust2 promotional purposes. 🗓️ Survey Period January 2, 2026, ~ January 7, 2025, 2:59 PM (UTC) 📋 How to Participate You can participate in the service satisfaction survey through the in-game survey link. ([News/Notice] > [Survey]) ※ Click on the [Survey] to receive 100 dias. ※ You can also participate in the survey through the link below. 👉 Go to the Update Satisfaction Survey 📢 Reward Distribution and Winner Announcement Upon completing the service satisfaction survey, you will receive the following rewards: 1. Participation Reward: 600 Dias. 2. Top Survey Respondent Reward: 2,000 Dias. (10 Winners) - All rewards will be given after the winner announcement on January 15, 2026 🚨 Please note ※ If inappropriate participation is discovered, the winnings may be canceled. We look forward to your participation and valuable feedback! Thank you.

📢Update Satisfaction Survey Announcement (October 2, 2025) We have prepared a satisfaction survey to gather your valuable opinions and provide better service regarding the BrownDust2 update. So we ask for your participation. ※ The responses you submit are collected to improve service quality and can be used for BrownDust2 promotional purposes. 🗓️ Survey Period October 2, 2025, ~ October 8, 2025, 2:59 PM (UTC) 📋 How to Participate You can participate in the service satisfaction survey through the in-game survey link. ([News/Notice] > [Survey]) ※ Click on the [Survey] to receive 100 dias. ※ You can also participate in the survey through the link below. 👉 Go to the Update Satisfaction Survey 📢 Reward Distribution and Winner Announcement Upon completing the service satisfaction survey, you will receive the following rewards: 1. Participation Reward: 600 Dias. 2. Top Survey Respondent Reward: 2,000 Dias. (10 Winners) - All rewards will be given after the winner announcement on October 23, 2025 🚨 Please note ※ If inappropriate participation is discovered, the winnings may be canceled. We look forward to your participation and valuable feedback! Thank you.

📢 2nd Anniversary Special Live: Part 2 Rewards Did today’s livestream help cool off a bit of that summer heat? With all the new costumes and Prestige Skins revealed, maybe things actually got even hotter! But don’t worry—we’ve prepared some special rewards to help you stay cool all summer long. Be sure to claim yours! [2nd Anniversary Special Live: Part 2 Rewards] 📅 Claim Period: August 7, 2025 ~ August 11, 2025, 2:59 PM (UTC) 🎁 Reward Draw Tickets x10 Selective Draw Tickets x5 ※ Rewards will be sent to your in-game mailbox. If you don’t see yours immediately, please restart the game and check again. Thank you for your continuing support, and please stay tuned!

📢May 20th (UTC) Routine Maintenance and Update Complete The maintenance has ended, and the game is now available again. [May 20th (UTC) Maintenance Compensation] ■ Claim Period: After May 20th (UTC) maintenance – May 25th, 2:59 PM (UTC) ■ Compensation: 800 Free Dias (Given once per account upon login) We will do our best to provide a stable gaming service. Thank you.

📢April 22nd (UTC) Routine Maintenance and Update Complete The maintenance has ended, and the game is now available again. [April 22nd (UTC) Maintenance Compensation] ■ Claim Period: After April 22nd (UTC) maintenance – April 27th, 2:59 PM (UTC) ■ Compensation: 800 Free Dias (Given once per account upon login) We will do our best to provide a stable gaming service. Thank you.

📢March 11th (UTC) Routine Maintenance and Update Complete The maintenance has ended, and the game is now available again. [March 11th (UTC) Maintenance Compensation] ■ Claim Period: After March 11th (UTC) maintenance – March 16th, 2:59 PM (UTC) ■ Compensation: 1,200 Free Dias (Given once per account upon login) Additionally, there are some fixes being made during maintenance. [Maintenance Changes] Some NPC bust illustrations in the Mart War season event will be updated. With today’s update, “Shattered Dream Palette” has been added. This costume appears in the Safe Zone of Story Pack 20, and can be recruited as a companion using a ☆5 R. Contract. Please note: Companion recruitment is available after you complete the Main Quest on Normal difficulty. Don’t miss your chance to recruit Palette and add her to your team! We will do our best to provide a stable gaming service. Thank you.

📢 Golden Colosseum Trial Seasons 3 & 4 Golden Colosseum Trial Seasons 3 and 4 will start soon ✨ Trial Season 3: From December 18, 2025 (Thu) 12:00 a.m. to December 24, 2025 (Wed) 2:59 p.m. (UTC) Trial Season 4: From December 25, 2025 (Thu) 12:00 a.m. to December 31, 2025 (Wed) 2:59 p.m. (UTC) Get ready to dive back into the Golden Colosseum and enjoy intense battles! 🏛️⚔️ For more details, please check the full notice at the link below. 🔗 #BrownDust2# #GoldenColosseum#

📢December 3rd (UTC) Routine Maintenance and Update Complete The maintenance has ended, and the game is now available again. [December 3rd (UTC) Maintenance Gift] ■ Claim Period: After December 3rd (UTC) maintenance – December 8th, 2:59 pm (UTC) (One-time distribution upon login) ■ Compensation: 1000 Dias We will do our best to provide a stable gaming service. Please spread the word that the maintenance is over~! Thank you.