2024

Bitcoin

Million

<p>The Japanese company<a href="https://metaplanet.jp/" rel="noopener noreferrer nofollow" target="_blank"> Metaplanet</a> made headlines after acquiring close to 20 BTC in what looked like Microstrategy’s approach to accumulating Bitcoin. Metaplanet Inc. has embarked on an aggressive approach to buying and holding Bitcoin. Considering this recent purchase, Metaplanet Inc. has a total of 117.7 Bitcoins, currently valued at approximately $7.3 million.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">*Metaplanet purchases additional 19.87 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$BTC</a>* <a href="https://t.co/RripKe9mEU" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/RripKe9mEU</a></p>— Metaplanet Inc. (@Metaplanet_JP) <a href="https://twitter.com/Metaplanet_JP/status/1788770587999097181?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 10, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Metaplanet’s Inc. is a large investment and consulting firm in the heart of Tokyo, and its decision to aggressively purchase Bitcoins is a clear indicator of a shift in investment strategy.&nbsp;</p>
<h2 class="wp-block-heading" id="understanding-the-magnitude-of-metaplanet-s-btc-investment">Understanding the Magnitude of Metaplanet’s BTC investment</h2>
<p>Depending on who’s reading this, a $6.5 million investment in Bitcoin could represent a significant investment or not. The company’s decision to invest this much in Bitcoin is better understood by looking at its total market cap.&nbsp;</p>
<p>Reportedly, the Japanese company’s Bitcoin holdings now account for approximately 33% of its total market capitalization. This is a significant investment in Metaplanet’s books, indicating how valuable the Japanese company perceives Bitcoin.&nbsp;</p>
<p>The Japanese Investment and Consulting company follows in the footsteps of pro-Bitcoin corporations like Microstrategy, which have also continued accumulating Bitcoin as part of their primary asset holdings.&nbsp;</p>
<h2 class="wp-block-heading" id="metaplanet-s-grand-plan-with-bitcoin">Metaplanet’s Grand Plan with Bitcoin</h2>
<p>Tokyo’s financial institution has completely embraced the corporate Bitcoin standard. Dylan LeClair, who recently joined the company as the Director of Bitcoin Strategy, shared how the company will strategically leverage public capital markets to acquire additional Bitcoin for shareholders over time.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I'm thrilled to be joining <a href="https://twitter.com/Metaplanet_JP?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@Metaplanet_JP</a>, a TSE public company (3350), as Director of Bitcoin Strategy. 🇯🇵<br><br>Metaplanet is embracing a corporate <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#bitcoin</a> standard, and will strategically leverage public capital markets to acquire additional <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$BTC</a> for shareholders over time. <a href="https://t.co/JsfcmqV2Nq" rel="noopener noreferrer nofollow" target="_blank">https://t.co/JsfcmqV2Nq</a></p>— Dylan LeClair 🟠 (@DylanLeClair_) <a href="https://twitter.com/DylanLeClair_/status/1787717535556645044?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 7, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>According to Dylan, the financial repression in Japan has left investors with limited investment options to choose from. As a result, the company is looking for alternative options like Bitcoin to insulate its balance sheets from realities such as the structural weakness of the yen.&nbsp;</p>
<p>The institution’s grand plan is not only to strengthen its balance sheets but also to capitalize on it. Bitcoin is viewed as a safer alternative to hedge against inflation, triggering corporations to explore its benefits. Larger institutions like Microstagey are leading the way. Metaplanet Inc. is looking to be a pioneer of corporate Bitcoin in Japan.&nbsp;</p>
<p>The bold steps by the Japanese company set the stage for financial institutions alike to accept Bitcoin as a digital asset, impacting its balance sheets. As a result, the revolution continues to grow, and more investors get exposed to Bitcoin, leading to mass adoption as intended.</p>

Japanese company Metaplanet acquires an additional 19.87 BTC Worth 200 Million Yen

Mục lục

Cryptopolitan_News

Các bài viết khác được xuất bản trên 10 thg 5, 2024

Ethena (ENA) Price Flipped From Bottom: Can It Retain $1 Mark?

Trader who made $8M profit on WIF buys 1.4M more of meme crypto

Nigerian artists earned N25bn on Spotify in 2023, more than double the previous year

BlockFi Winds Down Operations, Partners with Coinbase for Client Fund Access

Bitcoin (BTC) Cycle Top Prediction Places the Pioneer Crypto Asset at $108,000 and Possibly Even ...

U.S. House Gears Up to Decide on Landmark Cryptocurrency Legislation

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!