Metaplanet holds 1,762 Bitcoin and wants to increase its stash by 467% to hold 10,000 in total.
At Michael Saylor’s high-profile New Year’s Eve $100,000 Bitcoin party in Miami, Simon Gerovich, President and CEO of Metaplanet—often dubbed as Japan’s MicroStrategy—shared his insights on the evolving landscape of BTC adoption among governments and corporations. In an exclusive interview, Gerovich outlined the potential global implications if incoming US President Donald Trump moves forward with […]
Japan-based early-stage investment firm Metaplanet continues its Bitcoin (BTC) buying spree. The company announced today that it has purchased 619.7 BTC for $61 million – including fees and other expenses – making it the firm’s largest Bitcoin acquisition to date. Metaplanet Increases BTC Holdings To 1,762 The recent crypto market downturn from its all-time highs (ATH) does not appear to bother Metaplanet, as the Tokyo-listed firm made its largest BTC purchase to date, buying 619.7 BTC worth $ 61 million at an average price of around $96,000. Related Reading: Metaplanet To Expand Bitcoin Holdings With $11.3 Million Bond Sale To recall, Metaplanet started buying BTC earlier this year in May with a purchase of 97.9 BTC. Since then, the company has purchased BTC every month, barring September, and crossed the 1,000 BTC milestone in November. The latest acquisition has pushed Metaplanet’s total Bitcoin holdings to 1,762, bought at an average price of $75,600 per BTC. Notably, this $61 million purchase is nearly double the value of Metaplanet’s previous largest acquisition, which occurred in November and was worth close to $30 million. The company’s consistent BTC accumulation has earned it the nickname “Asia’s MicroStrategy,” in reference to the US-based business intelligence firm known for its aggressive Bitcoin buying strategy. It is worth highlighting that today’s BTC purchase comes a week after Metaplanet raised $60.6 million through two tranches of bond issuance for the purpose of “accelerating BTC purchases.” Metaplanet’s latest purchase also makes its BTC reserves the 12th-largest among publicly listed firms globally. According to Metaplanet’s official announcement, its BTC Yield – a proprietary metric used to measure the performance of its Bitcoin acquisition strategy – stood at 310% from October 1 to December 23. The firm emphasized that this strategy is designed to be “accretive to shareholders.” Despite today’s significant BTC purchase, Metaplanet’s stock price saw little movement, closing at $22.5, down 0.98% for the day. However, on a year-to-date basis, the company’s stock has surged by an astounding 1,982%, reflecting the long-term benefits of its Bitcoin-centric strategy. Bitcoin Supply Crunch To Hasten Adoption? With Bitcoin’s total maximum supply capped at 21 million, the digital asset has solidified its reputation as an inflation-resistant store of value. A recent report highlights that BTC supply on crypto exchanges has hit multi-year lows, indicating that holders are increasingly withdrawing BTC from exchanges, reducing circulating supply and potentially driving prices higher. Related Reading: Bitcoin Adoption Grows As Rumble Unveils $20 Million BTC Treasury Strategy Bitcoin’s scarcity has triggered an unofficial race among corporations – and possibly even governments. For instance, Bitcoin mining firm Hut 8 recently purchased 990 BTC for $100 million, increasing its total holdings to over 10,000 BTC. Similarly, MARA, another Bitcoin mining company, acquired 703 BTC earlier this month, bringing its total holdings to 34,794 BTC. Speculations surrounding a potential US strategic Bitcoin reserve are further strengthening BTC’s supply crunch narrative, which may fast-track its adoption. At press time, BTC trades at $94,003, down 1.5% in the past 24 hours. Featured image from Unsplash, charts from Yahoo! Finance and Tradingview.com
The purchase did little to buoy sentiment for bitcoin, which recorded its first seven-day loss since early November.
Japanese Bitcoin-focused firm Metaplanet has significantly increased its crypto portfolio following its recent US market expansion. On Dec. 23, the company, listed on the Tokyo Stock Exchange and trading on the US OTCQX Market as MTPLF, said it acquired 619.70 BTC for 9.5 billion yen ($60.7 million). This purchase increases its total Bitcoin holdings to […]
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Japanese investment firm Metaplanet has purchased $60 million worth of Bitcoin, the largest single BTC buy it has made since it started acquiring the cryptocurrency in May.
Metaplanet, a Japanese Bitcoin-focused investment firm, will begin trading its shares on the US OTCQX Market on Dec. 19 under the ticker MTPLF. This milestone follows the company’s announcement of its Bitcoin Treasury Operations as a core business focus. The market reacted positively to these developments, pushing Metaplanet’s stock up by over 7% on the […]
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Metaplanet Inc., a publicly traded company on the Tokyo Stock Exchange, is ramping up its efforts to build its Bitcoin portfolio. According to multiple reports, the Japanese Bitcoin consulting company has issued ¥4.5 billion ($30 million) in zero-interest bonds to finance its Bitcoin acquisition strategy. Related Reading: Bitcoin Soars Past $106,000 For A New ATH […]
Metaplanet projects it will turn its first operating profit since 2017 and said it wants to go beyond just buying Bitcoin as part of its treasury strategy.
If successful with its fundraising, Metaplanet could purchase roughly 652 extra Bitcoin for $62 million.
Tokyo-listed investment firm Metaplanet plans to raise 9.5 billion yen (approximately $62 million) to strengthen its Bitcoin portfolio. In a Nov. 28 statement, the company revealed that the funds will be raised through its 12th Series Moving Strike Stock Acquisition Rights. These rights will be allocated to EVO FUND via third-party allotment between Dec. 17, 2024, […]
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Bitcoin (BTC) corporate adoption continues to gain momentum as video-sharing and cloud services platform Rumble recently unveiled a BTC treasury strategy. This move aligns with a growing trend of corporations worldwide embracing Bitcoin as a strategic asset. Rumble Announces Bitcoin Treasury Strategy, Stock Rises The YouTube competitor is the latest company to join the Bitcoin bandwagon, as its Board of Directors approved a corporate treasury diversification strategy that allocates a portion of its excess cash reserves to BTC. Related Reading: Samara Asset Group Eyes $32.8 Million Bond Issuance To Increase Bitcoin Holdings As part of this strategy, Rumble plans to purchase up to $20 million worth of BTC. The company described Bitcoin as a “valuable tool for strategic planning.” Rumble CEO and Chairman Chris Pavlovski explained: We believe that the world is still in the early stages of the adoption of Bitcoin, which has recently accelerated with the election of a crypto-friendly US presidential administration and increased institutional adoption. Unlike any government-issued currency, Bitcoin is not subject to dilution through endless money-printing, enabling it to be a valuable inflation hedge and an excellent addition to our treasury. The company stated that its management would evaluate factors such as market conditions, Bitcoin’s trading price, and Rumble’s cash flow needs to determine the timing and amount of BTC purchases. However, it emphasized that the strategy could be modified, paused, or discontinued. Interestingly, the announcement followed a poll conducted by Pavlovski on X, where he asked users whether Rumble should add Bitcoin to its balance sheet. Over 93% of the 43,790 respondents voted in favor of the proposal. Rumble’s stock price surged after the announcement, reflecting investor confidence. The tech company’s shares closed at $7.31, marking a 12.63% increase in a single day. BTC as a Corporate Asset: A Winning Strategy? Rumble’s decision to add BTC to its balance sheet mirrors the approach of MicroStrategy (MSTR), a pioneer in Bitcoin treasury management. Yesterday, the Michael Saylor-led firm revealed that it had acquired an additional 55,000 BTC, bringing its holdings to $5.4 billion. Related Reading: Metaplanet’s Total Bitcoin Holdings Exceed 1,000 BTC Following Latest Purchase MicroStrategy’s Bitcoin play has worked tremendously for the company’s stock performance. In the past year alone, MSTR price has increased by more than 670%, outperforming both BTC and the S&P 500 regarding returns on investment. Meanwhile, Japanese firm Metaplanet recently crossed the 1,000 BTC milestone as it continues to bolster its Bitcoin holdings with frequent purchases. Additionally, speculation about major tech giants like Dell and Microsoft entering the Bitcoin market could fuel demand and drive the asset’s price to new highs. A recent analysis by crypto experts shows that BTC may hit the highly-anticipated six-figure price target early next year. BTC trades at $92,071 at press time, down 5.5% in the past 24 hours. Featured image from Unsplash, charts from Yahoo! Finance and Tradingview.com
Bitcoin unexpectedly fell under $92,000 on Nov. 25. Do bulls still have a chance to rally to $100,000?
Semler Scientific, a Nasdaq-listed healthcare technology firm, has acquired an additional 297 Bitcoin (BTC) for $29.1 million. The purchase comes as Bitcoin edges closer to the highly anticipated $100,000 milestone. Semler Scientific Expands BTC Holdings The company disclosed its latest BTC acquisition earlier today, coinciding with a slight pullback in BTC’s price from its recent […]
Japan’s Metaplanet has been gathering up Bitcoin for around six months and now wants to enter the crypto media space launching a local version of Bitcoin Magazine.
In an announcement today, Japanese firm Metaplanet revealed plans to increase its Bitcoin (BTC) holdings by issuing $11.3 million worth of bonds to fund the purchase. Metaplanet To Increase BTC Holdings Through Bond Issuance The Tokyo-listed company announced on November 18 that its Board of Directors had approved a debt sale with a guarantee worth 1.75 billion yen, or approximately $11.5 million. The bonds will have a one-year maturity period, maturing on November 17, 2025, and will carry an interest rate of 0.36% per annum. Related Reading: MicroStrategy’s Bitcoin Bet Pays Off In Multiple Ways As Stock Surges 317% The proceeds from the bond issuance will be used solely to purchase BTC. It’s worth noting that Metaplanet already holds 1,018 BTC on its balance sheet. Often referred to as “Asia’s MicroStrategy,” Metaplanet’s latest BTC acquisition announcement comes just a week after the US-based business intelligence firm MicroStrategy purchased 27,200 BTC, worth approximately $2.03 billion at current market prices. Metaplanet began acquiring BTC as a strategic treasury reserve asset in April. The company announced it was adopting a “Bitcoin-first, Bitcoin-only” approach, mirroring MicroStrategy’s BTC investment strategy. Since April, the early-stage investment firm has steadily expanded its Bitcoin portfolio. For instance, the company acquired an additional 20.195 BTC in June, worth roughly $1.2 million. It added another 38.464 BTC in September, valued at approximately $2 million. Most recently, in October, the firm announced it had purchased 156.78 BTC, bringing its total holdings to over 1,000 BTC. Despite the announcement of the bond issuance, Metaplanet’s share price saw little movement. The firm’s share closed the day with a modest 0.81% increase on Monday. However, since the company began its Bitcoin acquisition strategy, its stock has experienced explosive growth. On April 4, 2024, Metaplanet’s shares traded at 190 yen ($1.23). Today, they trade at 1,994 yen ($12.86), reflecting gains of nearly 950% in just over seven months. Bitcoin Supply Scarcity To Further Propel Price? With increasing retail, institutional, and even sovereign demand, Bitcoin’s limited supply could lead to a supply shock, potentially driving the digital asset’s price to unprecedented levels. As a reminder, BTC’s total supply is capped at 21 million by design. Related Reading: Bitcoin Continues To Exit Exchanges As Supply Drops To New 2024 Low According to a recent analysis by a CryptoQuant analyst, BTC reserves on cryptocurrency trading platforms have fallen to a five-year low. The analyst also noted that more investors hold Bitcoin long-term as a hedge against rising inflation and currency debasement. Similarly, a recent report suggests that BTC demand vastly exceeds its supply. This growing supply-demand imbalance may set the stage for Bitcoin’s next major price breakout. BTC trades at $90,909 at press time, up 0.1% in the past 24 hours. Featured image from Unsplash, Charts from Yahoo! Finance and Tradingview.com
Metplanet to issue one-year bonds to finance BTC purchases.
Three publicly traded companies — Thumzup Media Corporation, Solidion Technology, and Genius Group — are gaining attention by incorporating Bitcoin into their treasury reserves. These firms, each with a market capitalization under $50 million, are making bold moves as Bitcoin continues to attract interest from both retail and institutional investors following its recent surge to […]
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Santa Clara-based healthcare tech company Semler Scientific (SMLR) recently disclosed that it purchased an additional 47 Bitcoin (BTC), bringing its total holdings to 1,058 BTC. Semler Scientific Continues To Increase Its BTC Holdings Semler Scientific, a Nasdaq-listed healthcare manufacturer, announced that it bought an additional 47 BTC for $3 million. This acquisition comes as Bitcoin […]
Japan-based investment firm Metaplanet has now accumulated over 1,000 Bitcoin (BTC) with its latest acquisition, establishing itself as one of Asia’s largest corporate holders of the digital asset. Metaplanet’s Bitcoin Holdings Top 1,000 BTC In an announcement made on October 28, Tokyo-listed Metaplanet stated it had purchased an additional 156.78 BTC at an average price of $66,436 per BTC. The latest purchase has propelled Metaplanet’s total BTC holdings to 1,018 BTC, acquired at an average price of $61,629. Related Reading: Bitcoin Begins Month With A Rebound As Metaplanet’s BTC Investment Tops $10 Million Commenting on the milestone, Metaplanet CEO Simon Gerovich noted, “This latest BTC purchase makes Metaplanet one of the largest corporate holders of Bitcoin in Asia.” The company further stated: Since adopting bitcoin as a treasury reserve asset, the company has strategically increased its total bitcoin holdings through acquisitions funded by capital market activities and operational income. Metaplanet first declared its decision to adopt Bitcoin as a strategic reserve asset in May 2024. Adhering to a “Bitcoin-first, Bitcoin-only” approach, Metaplanet further expanded its BTC holdings with a $2 million purchase in September. Over the summer, Metaplanet embarked on a Bitcoin acquisition spree, purchasing more than 50% – approximately 620 BTC – of its current holdings within a single month, from September 30 to October 28. Notably, this acquisition has now placed Metaplanet ahead of another prominent Asian firm, Meitu Inc., in terms of total BTC reserves. According to CoinGecko data, Meitu Inc. currently holds 940 BTC compared to Metaplanet’s 1,018 BTC. Among publicly traded companies with significant BTC reserves, Metaplanet now ranks 15th, with the list led by US-based business intelligence firm MicroStrategy, which holds an impressive 252,220 BTC, representing close to 1.2% of the total Bitcoin supply. BTC Strategy Reflecting In Metaplanet’s Share Price According to Arkham Intelligence, Metaplanet’s BTC investment strategy appears to be yielding strong results. At the current Bitcoin price of slightly above $67,000, Metaplanet has an unrealized gain of over $6 million. Related Reading: Bitcoin Retail lnvestors Remain Cautious Despite Price Gain – Details In its announcement, Metaplanet highlighted a key performance indicator (KPI) called “BTC yield,” which reflects the percentage change in the ratio of total BTC holdings to fully diluted shares outstanding over a specific period. In essence, the KPI helps investors assess the impact of Metaplanet’s Bitcoin acquisitions on shareholder value. Between October 1 and October 28, Metaplanet’s BTC yield surged to 155.8%. Following the news of today’s BTC purchase, Metaplanet’s stock price jumped more than 7%, according to data from Yahoo! Finance. In related news, Maltese asset management firm Samara Group recently announced plans to issue bonds worth over $32 million, with a portion of the proceeds potentially allocated toward BTC purchases as a strategic reserve asset. At press time, BTC trades at $68,780, up 1.6% in the past 24 hours, with a total market cap of slightly more than $1.35 trillion. Featured image from Unsplash, Chart from Tradingview.com
Metaplanet’s latest Bitcoin purchase makes it the second-largest corporate Bitcoin holder in Asia behind Boyaa Interactive International, which holds 1,100 BTC.
Japan-based Metaplanet recently achieved a significant benchmark by pushing its Bitcoin holdings over 1,000 BTC. On Oct. 28, the company stated that it acquired 156.78 BTC at an investment of $10.4 million, raising its total Bitcoin stash to 1,018.17 BTC—currently valued at approximately $68.8 million. This acquisition brought Metaplanet’s average purchase price to around 9,450,746 […]
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Tokyo-listed investment firm Metaplanet has announced that its ongoing Bitcoin purchases have delivered positive returns for shareholders, with a reported 116% yield this month, according to an Oct. 25 statement. This gain reflects a substantial jump from the 41.7% yield recorded on Metaplanet’s Bitcoin holdings from July 1 to Sept. 30. The company attributed this […]
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Once again making news, Metaplanet Inc., often known as “Asia’s MicroStrategy,” raised 10 billion yen (about $68 million) through a recent stock sale. The goal of this significant investment is to support its aggressive Bitcoin acquisition strategy. Similar to the tactics of well-known companies like MicroStrategy, the move comes as the company keeps positioning itself […]
MetaPlanet completes its 11th series of stock acquisition rights, with Evo Fund securing a 14.9% ownership stake after exercising its stock acquisition rights.
Metaplanet has doubled its Bitcoin holdings this month with purchases totaling more than 450 Bitcoin.
Cointelegraph spoke with Riot Platforms’ Pierre Rochard and Metaplanet’s Dylan LeClaire at the Bitcoin Amsterdam 2024 conference.
The Japanese investment firm has scooped up more than 200 Bitcoin so far this month.
SBI Group’s fully-owned crypto exchange, SBI VC Trade, will assist Metaplanet in its Bitcoin strategy by providing various support in trading, storage and operation.