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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/metaplanet-invests-in-bitcoin-with-a-6-8-million-loan/" data-wpel-link="internal">Metaplanet Invests in Bitcoin with a $6.8 Million Loan</a><br></p>
<p style="text-align: justify">Japan’s Tokyo Stock Exchange-listed investment firm Metaplanet has taken a $6.8 million loan with a long-term value increase forecast in the <a href="https://en.coin-turk.com/trump-influences-bitcoin-and-cryptocurrency-market/" data-wpel-link="internal">cryptocurrency market</a>. The company’s board announced that nearly all of the loan would be allocated for Bitcoin purchases. Metaplanet also plans to increase its Bitcoin investments by allocating $68 million in stock purchase rights.</p> 
<h2 style="text-align: justify" id="metaplanet-s-strategic-decision-could-be-risky">Metaplanet’s Strategic Decision Could Be Risky</h2> 
<p style="text-align: justify">Tokyo-based investment firm Metaplanet announced today that it has taken a loan worth 1 billion yen, approximately $6.8 million, with an annual interest rate of 0.1%. The firm plans to use this loan to purchase Bitcoin. However, if BTC falls, this move could be very risky.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-377977 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/bitcoin-39.jpg" alt="" width="740" height="415"></p> 
<p style="text-align: justify">The board believes that Bitcoin holds long-term value and aims to keep Bitcoin as a core asset. The company stated that if Bitcoin is used for operational purposes, the relevant Bitcoin balance would be recorded as a current asset on the balance sheet.</p> 
<h2 style="text-align: justify" id="stock-purchase-rights-allocation">Stock Purchase Rights Allocation</h2> 
<p style="text-align: justify">In a Tuesday announcement, Metaplanet disclosed that it would allocate stock purchase rights worth approximately $68.4 million, or 10 billion yen. It is stated that a large portion of these funds will be strategically allocated to Bitcoin purchases. The firm noted that holding Bitcoin as a core asset aligns with its long-term growth strategies and would significantly enhance the company’s profitability and corporate value.</p> 
<p style="text-align: justify">In May, Metaplanet announced that it had begun adopting Bitcoin as a strategic treasury reserve asset. This move was a direct response to ongoing economic pressures in Japan, high levels of government debt, prolonged negative real <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rates</a>, and a weak yen. The firm stated that Bitcoin is seen as a strong store of value under these economic conditions.</p> 
<p style="text-align: justify">Metaplanet’s shares increased by 20.2% on Thursday after experiencing a 12.4% drop on Monday, which was the worst day for the Nikkei 225 index since 1987. The Nikkei index, however, fell by 0.74% today. Metaplanet’s investment move has boosted investor confidence by enhancing the company’s <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a> growth and profitability expectations. The company recently stated that they were inspired by Microstrategy and have seen returns on their Bitcoin investment.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/metaplanet-invests-in-bitcoin-with-a-6-8-million-loan/" data-wpel-link="internal">Metaplanet Invests in Bitcoin with a $6.8 Million Loan</a></h5>
<p>The post <a href="https://en.coin-turk.com/metaplanet-invests-in-bitcoin-with-a-6-8-million-loan/" data-wpel-link="internal">Metaplanet Invests in Bitcoin with a $6.8 Million Loan</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Metaplanet Invests in Bitcoin with a $6.8 Million Loan

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