Japan's Answer
to MicroStrategy Buys Up Millions
More in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
Japan's Answer to MicroStrategy Buys Up Millions More in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
Metaplanet, a Japanese public firm that's following MicroStrategy's
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin reserve playbook, announced that it has purchased even more BTC.
By Mat Di Salvo
Oct 7, 2024 Oct 7, 2024
2 min read
Image: Mehaniq/Shutterstock
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A Japanese investment firm that’s been dubbed the Asian country’s answer to
MicroStrategy—the American software firm that pioneered the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin treasury
reserve strategy—has bought even more BTC .
Metaplanet, a publicly-traded company listed on the Tokyo Stock Exchange, said
Monday that it had bought 108.786 Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin for 1 billion yen ($6.7 million). It
now holds 639.5 Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, today worth over $40 million.
The company offers specialized consulting services to assist businesses in
adopting the biggest digital asset by market cap.
*Metaplanet purchases additional 108.78 $BTC * pic.twitter.com/Pz2AHupm1T
— Metaplanet Inc. (@Metaplanet_JP) October 7, 2024
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Metaplanet took a page out of MicroStrategy’s playbook of putting Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin on
its balance sheet back in April when it bought 1 billion yen worth of the
asset.
The Japanese firm said at the time it was part of a strategy of not just
“embracing digital assets, but also about pioneering a future where finance
meets innovation at its core.”
The company has since been dubbed Asia’s answer to MicroStrategy, the largest
public holder of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, even though Metaplanet’s holdings currently pale in
comparison to those of its inspiration. MicroStrategy currently holds 252,200
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin —or $15.9 billion worth of “digital gold.”
The Tyson, Virginia-based MicroStrategy started buying Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin in 2020 as a
way to get the best results for shareholders, instead of holding excess cash.
Its stock has surged as a result and now the firm, which sells data-analyzing
software, has rebranded itself as a “Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin development company.”
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Proud to share our #Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin per share (in satoshis). Each bar represents our
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin holdings per share, showing a steady increase since our adoption of
the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin standard. Our goal is to keep growing our BTC per share for
long-term shareholder value @Metaplanet_JP pic.twitter.com/afkOSVkIsV
— Simon Gerovich (@gerovich) September 17, 2024
It uses debt to buy Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin to securitize the asset—allowing investors to get
exposure to the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта via buying shares of the company—and its
co-founder and chairman Michael Saylor tells other companies to do the same.
Edited by Andrew Hayward
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