Bitcoin

Sora

Planet

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">Metaplanet Inc, formerly known as Red Planet Japan, a budget hotel operator that then pivoted to become a Web3 developer, has <a href="https://twitter.com/Metaplanet_JP/status/1777243921867014574" target="_blank" aria-label="announced (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">announced</a> a move that allows Japanese investors to gain exposure to <a href="https://tokenist.com/investing/how-to-invest-in-bitcoin/" rel="dofollow" class="deco-link">Bitcoin</a> without facing the high tax on unrealized gains, which can reach up to 55%.</p> 
<p>The company has positioned itself as “<a aria-label="Asia's First Microstrategy (opens in a new tab)" href="https://twitter.com/JasonSoraVC/status/1777300574939058202" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Asia’s First Microstrategy</a>,” comparing it to MicroStrategy’s (NASDAQ: MSTR) <a href="https://saylortracker.com" target="_blank" aria-label="significant Bitcoin holdings (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">significant Bitcoin holdings</a> and its strategy to incorporate Bitcoin as a core treasury asset.</p> 
<h3 id="metaplanet-aims-to-be-asia-s-first-microstrategy">Metaplanet Aims to Be “Asia’s First MicroStrategy”</h3> 
<p>The partnership includes Sora Ventures, Morgan Creek Capital’s Mark Yusko, and others. The aim is to offer exposure to bitcoin through a <a href="https://tokenist.com/investing/how-to-buy-ipo-stock/" rel="dofollow" class="deco-link">publicly traded company</a> on the Tokyo Stock Exchange, mitigating regulatory risks. This move is seen as a significant step towards adopting digital assets within Japan.</p> 
<p>As part of its unwavering financial strategy shift towards digital assets, Metaplanet has committed an initial JPY 1 billion to Bitcoin.</p> 
<p>The company’s strategic move is to minimize exposure to the Japanese yen, citing the <a href="https://tokenist.com/yen-gains-against-dollar-as-boj-reconsiders-dovish-policy/" rel="dofollow" class="deco-link">long-term low-interest-rate environment</a> in Japan that has weakened the yen’s global position. This decision aims to pioneer the digital finance era and position Metaplanet as a leader in adopting digital assets within Japan.</p> 
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<h3 id="metaplanet-s-total-marketcap-is-less-than-0-3-of-microstrategy-s-bitcoin-profits">Metaplanet’s Total Marketcap is Less than 0.3% of MicroStrategy’s Bitcoin Profits</h3> 
<p>Following the announcement, Metaplanet’s <a href="https://markets.ft.com/data/equities/tearsheet/summary?s=3350:TYO" target="_blank" aria-label="stock price (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">stock price</a> dramatically increased by 89.47%, closing at 36.00 JPY from a previous close of 19.00 JPY.</p> 
<p>However, critics have raised concerns about Metaplanet’s move, with some seeing it as a “<a href="https://twitter.com/Pledditor/status/1777369771417170103" target="_blank" aria-label="major grift (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">major grift</a>” due to the company’s past focus on various digital assets beyond Bitcoin, contrasting with MicroStrategy’s more focused Bitcoin strategy.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">There is no second best. <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a></p>— Michael Saylor
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1446441633139118125?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 8, 2021</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>Skeptics also point out the relatively small scale of Metaplanet’s bitcoin investment (approx. $6 million or 91 bitcoin) compared to MicroStrategy’s holdings, suggesting it might offer a different level of exposure or stability.</p> 
<p>Metaplanet’s market cap of ~$14.3 million (2.18 billion yen) is less than 0.03% of MicroStrategy’s profits on its Bitcoin holdings (214,245 Bitcoins), worth approximately $14 billion at current rates with a lifetime profit of $7,546,043,215.42 (95%) at the time of writing.</p> 
<p>Despite the criticisms, supporters argue that Metaplanet’s adoption of MicroStrategy’s playbook is a wise decision, indicating a split in the community’s perception of Metaplanet’s strategy.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><strong><em>Do you think Metaplanet offers a unique investing opportunity for Japanese investors? Let us know in the comments below.</em></strong></p> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/firm-seeks-to-be-asias-first-microstrategy-its-marketcap-is-0-3-of-mstrs-btc-profits/">Firm Seeks to be “Asia’s First MicroStrategy”; its Marketcap is 0.3% of MSTR’s BTC Profits</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Firm Seeks to be “Asia’s First MicroStrategy”; its Marketcap is 0.3% of MSTR’s BTC Profits

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