2024

Bitcoin

April

Billion

<p>The post <a href="https://coinpedia.org/news/japanese-investment-firm-metaplanet-announces-purchase-of-bitcoin-worth-%c2%a51-billion/">Japanese Investment Firm Metaplanet Announces Purchase of Bitcoin Worth ¥1 Billion</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Metaplanet seems to follow MicroStrategy’s footsteps after deciding to make Bitcoin its saving choice. In a recent disclosure, Japanese company Metaplanet Inc. has announced its purchase of ¥1 billion ($6.25 million) worth of Bitcoin. This move comes as the company strategically diversifies its investment portfolio and enters the cryptocurrency space.</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">Today, we're thrilled to announce a groundbreaking shift in our financial strategy, as we embrace Bitcoin as the core treasury asset of the Company going forward by committing an initial JPY 1 billion. This strategic pivot is not just about embracing digital assets but also about… <a href="https://t.co/OASxj9IBPG">pic.twitter.com/OASxj9IBPG</a></p>— Metaplanet Inc. (@Metaplanet_JP) <a href="https://twitter.com/Metaplanet_JP/status/1777243921867014574?ref_src=twsrc%5Etfw">April 8, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-metaplanet-acquired-6-5-mln-worth-of-bitcoin">Metaplanet Acquired $6.5 Mln Worth of Bitcoin</h2> 
<p>Metaplanet, a prominent investment and consulting firm listed on the Tokyo Stock Exchange, recently made waves in the financial world by announcing its acquisition of ¥1 billion ($6.5 million) worth of Bitcoin for its corporate treasury. Meanwhile, this substantial investment is equivalent to approximately 30% of the company’s current market cap.</p> 
<p>The purchase, revealed in a “Progress of Disclosure” notice dated April 8, 2024, indicates that Metaplanet has acquired 97.8519 bitcoins at an average price of ¥10,219,524 per bitcoin. This substantial investment represents approximately 30% of the company’s current market capitalization.</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">Japanese public company Metaplanet has announced it purchased ¥1b ($6.25m) of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>, equivalent to ~30% of the company's current market cap. <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/BLYC1BC1q4">pic.twitter.com/BLYC1BC1q4</a></p>— Dylan LeClair 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e0.png" alt="🟠" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DylanLeClair_) <a href="https://twitter.com/DylanLeClair_/status/1783672958931591441?ref_src=twsrc%5Etfw">April 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>This strategic move signifies a significant shift in Metaplanet’s financial strategy, as the company embraces Bitcoin as its primary treasury asset.&nbsp;</p> 
<p>According to company representatives, this decision reflects not only a commitment to cryptocurrency but also a vision of pioneering innovation in finance. Further, the team highlighted that the <a href="https://coinpedia.org/news/bitcoin-funding-rates-goes-negative-just-before-halving-is-a-bear-market-imminent/">transition to Bitcoin</a> represents a key milestone for Metaplanet, positioning the company as a leader in Japan’s digital finance landscape and a pioneer in crypto adoption.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-as-a-hedge-nbsp">Bitcoin As A Hedge&nbsp;</h2> 
<p>With Bitcoin’s reputation as a store of value and <a href="https://coinpedia.org/news/bearish-cloud-looms-over-bitcoin-as-hedge-funds-bet-on-bitcoin-short-sell/">hedge against inflation</a>, more companies are exploring avenues to incorporate cryptocurrencies into their financial strategies.</p> 
<p>This move by Metaplanet also signals a vote of confidence in the long-term potential of Bitcoin and the broader cryptocurrency market. As digital assets continue to gain mainstream acceptance, such investments by established companies could further bolster confidence among investors and contribute to the maturation of the crypto industry.</p> 
<p>As of now, Bitcoin (BTC) is trading at <a href="https://markets.coinpedia.org/bitcoin/">approximately $64,370.81</a>, reflecting a modest increase of about 0.6% over the past 24 hours. The cryptocurrency’s market capitalization stands at $1.27 trillion.</p>

Japanese Investment Firm Metaplanet Announces Purchase of Bitcoin Worth ¥1 Billion

目錄

CoinPedia News

在 2024年4月26日發表的其他文章

Stripe U-Turns On Crypto Payments With USDC Integration, Six Years After Dropping Bitcoin

Amber Group Makes Major Move with Meme Coin PEPE

Ethereum (ETH) and Shiba Inu (SHIB) Traders Watching Closely: Furrever Token (FURR)’s Presale Spa...

CEO Who Built a Giant Science Company with Ethereum Earnings Makes New Trades, According to On-Ch...

FBI Warns Against Using Non-KYC Crypto Services; Crypto Community Fights Back, Defends Privacy

New Investigation from China Banning Bitcoin!

訂閱免費電子報，每天收取加密貨幣最新動態！