Cryptocurrency

Bitcoin

April

Metaplanet Inc., often referred to as “Japan’s MicroStrategy” on Crypto Twitter, has experienced unprecedented success on the Japanese stock market last week. The company has adopted a Bitcoin accumulation strategy similar to that of MicroStrategy, resulting in a significant increase in its stock value.
<h2 class="p1" id="adopting-microstrategy-s-playbook-metaplanet-s-stock-soars-amid-aggressive-bitcoin-accumulation">Adopting MicroStrategy’s Playbook, Metaplanet’s Stock Soars Amid Aggressive Bitcoin Accumulation</h2>
Since the beginning of the week, Metaplanet’s stock price has surged, rising 50% over the past two days. The stock moved from 41 JPY at Monday’s close to 90 JPY by Wednesday. This rapid increase marks two consecutive trading sessions where <a href="https://metaplanet.jp/" rel="noopener noreferrer nofollow">Metaplanet</a> has achieved the maximum daily gains allowed by the Tokyo Stock Exchange (TSE).
Dylan LeClair, Metaplanet’s Director of Bitcoin Strategy, explained the company’s new primary corporate objective: to accumulate as much Bitcoin as possible. “We believe this to be the most valuable thing we can do for our shareholders,” LeClair said. He emphasized that Metaplanet will explore <a href="https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin" rel="noopener noreferrer nofollow">various options for acquiring additional Bitcoin</a>, including any opportunities in capital markets that are viewed as beneficial.
On Monday, Metaplanet announced an opportunity to increase its number of authorized shares by 300%, a tactic previously used multiple times by <a href="https://www.techtarget.com/searchbusinessanalytics/definition/MicroStrategy" rel="noopener noreferrer nofollow">MicroStrategy</a>. By selling new shares, the company can raise funds to <a href="https://insidebitcoins.com/buy-cryptocurrency/best-crypto-exchanges" rel="noopener noreferrer nofollow">buy more Bitcoin</a>. This move effectively turns Metaplanet into a Bitcoin ETF for Japanese investors, but without any fees.
LeClair further stated, “We plan to continue buying Bitcoin, no matter the short-term exchange rate fluctuations, given the asset’s absolute scarcity; a stark contrast to the reality of perpetually weakening political currencies.” Over the past year, Bitcoin has appreciated 193% against the JPY, hitting a new all-time high against the devaluing currency on Monday.
The company’s stock price saw an immediate and dramatic increase after it announced its Bitcoin treasury strategy last month. Metaplanet’s market capitalization soared from 2 billion JPY (approximately $13 million) in early April to 14.63 billion JPY (around $93.4 million) today.
Mark Yusko, CEO and CIO of <a href="https://www.morgancreekcap.com/" rel="noopener noreferrer nofollow">Morgan Creek Capital</a> and a member of Metaplanet’s Board of Directors, expressed his support for the company’s strategy on Wednesday. “When it comes to Metaplanet, just like with Bitcoin, the best strategy is to just buy it,” he tweeted.
Metaplanet’s bold move has clearly paid off, positioning the company as a key player in the <a href="https://insidebitcoins.com/bitcoin-investors" rel="noopener noreferrer nofollow">Bitcoin investment space</a> and drawing significant attention from investors.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Metaplanet has been halted at a max daily gain of +¥30 (+50%), and for the second day in a row, is the best performing stock in Japan. 🇯🇵<a href="https://twitter.com/hashtag/TSE3350?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TSE3350</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://t.co/Y9F8IAsyyR" rel="noopener noreferrer nofollow">pic.twitter.com/Y9F8IAsyyR</a>
 — Dylan LeClair 🟠 (@DylanLeClair_) <a href="https://twitter.com/DylanLeClair_/status/1793124974447743088?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 22, 2024</a>
</blockquote>
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<h3 class="p1" id="99bitcoins-revolutionizing-crypto-education-with-learn-to-earn-platform">99Bitcoins: Revolutionizing Crypto Education with Learn-to-Earn Platform</h3>
99Bitcoins has established itself as a valuable resource in <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">the blockchain and cryptocurrency education sector</a>. With the introduction of its token, 99BTC, it has transformed into a leading cryptocurrency to buy this year.
This platform, built on the Ethereum blockchain, allows users to engage with various educational tools and earn cryptocurrency in return. The primary goal is to share knowledge and educate users about cryptocurrencies, making <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">the learning process both rewarding and interactive</a>.
Users can access advanced training courses within the platform’s ecosystem using 99BTC tokens. These courses include exclusive training sessions and webinars. Additionally, individuals who become 99Bitcoins whales gain access to VIP community groups. This elite status provides access to experts and crypto signals, aiding in making informed trading decisions.
99Bitcoins has gained recognition for simplifying complex crypto knowledge. The launch of this new Web3-focused platform signifies its venture into the Learn-to-Earn (L2E) territory. Users now have access to interactive learning modules, quizzes, certifications, and more, enhancing the educational experience.
The presale of 99Bitcoins has been notably successful, raising over $400K so far. Those interested in learning more about this innovative project can visit presale.99bitcoins.com for additional details.
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Metaplanet’s Bitcoin Strategy Disrupts the Tokyo Stock Exchange

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