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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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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.
Metaplanet's aggressive Bitcoin investments signal a growing trend among Asian firms to use cryptocurrency as a hedge against economic instability.
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Metaplanet Inc. allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japan’s market volatility.
Shares in Metaplanet and Semler Scientific are up double and triple digits since the firms followed MicroStrategy’s Bitcoin playbook this year.
Bitcoin price briefly traded above the $68,000 mark the past day after President Joe Biden decided not to seek re-election in the November elections. However, the digital asset has slightly retraced to $67,206 as of press time amid news of Metaplanet’s continued Bitcoin purchase and bankrupt Mt. Gox’s repayment plans. Metaplanet buys Bitcoin The Tokyo […]
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Since its first Bitcoin purchase, the company's stock price surged 810% from about $0.12 to $1.10.
Metaplanet's continued Bitcoin accumulation signals a growing trend among companies to adopt cryptocurrency as a key treasury asset.
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After completing the latest purchase, Metaplanet holds 203,734 BTC bought at an average price of around $62,000 per coin.
Recent insights from a survey conducted by Nomura Holdings and Laser Digital Holdings shed light on the evolving attitudes of Japanese institutional investors towards cryptocurrency. The survey, which included responses from 547 investment managers across various sectors such as family offices and public interest corporations, suggested a big embrace of cryptocurrency from these respective fields. […]
If it could buy the Bitcoin today, Metaplanet’s total Bitcoin holdings would be 241 Bitcoin, worth around $15 million.
Trading in Metaplanet’s stock was halted for two straight days under Tokyo Stock Exchange rules as its shares rocketed over the last week.
Early-stage investment firm Metaplanet announced on Monday that it’s adopting Bitcoin (BTC) as its sole “strategic treasury reserve asset.” This audacious decision signals a growing confidence in the controversial cryptocurrency as a legitimate store of value and hedge against traditional economic woes. Related Reading: CEO Drops Bombshell: Trump Campaign Eyes Crypto-Friendly Policies Yen Under Pressure, Bitcoin On The Rise Metaplanet’s decision comes amidst a backdrop of sustained economic pressures in Japan. A weakening yen, coupled with high government debt levels and persistently low-interest rates, seems to have pushed the firm to seek alternative havens for its reserves. Bitcoin, with its finite supply and decentralized nature, appears to be their answer. ‘Bitcoin-First, Bitcoin-Only’ Approach In a clear statement of intent, Metaplanet outlined its new “Bitcoin-first, Bitcoin-only approach” to treasury management. The company plans to strategically convert its existing yen liabilities and future share issuances into BTC, effectively accumulating more of the digital asset over time. This strategy echoes the recent moves of US-based MicroStrategy, which has become a major institutional holder of Bitcoin. A screenshot of Metaplanet's press release. Believing In The ‘Absolutely Scarce’ Asset Metaplanet’s press release paints a glowing picture of the top crypto asset’s potential. They view it as “fundamentally superior” to traditional currencies and other investment options, highlighting its scarcity and lack of a central issuer. They are impressed by Bitcoin’s proof-of-work (PoW) consensus mechanism, emphasizing how it creates a progressively higher cost of production for the remaining coins yet to be mined. This, they argue, stands in stark contrast to traditional commodities whose supply can be readily increased. Bitcoin is now trading at $62.896. Chart: TradingView Following The Footsteps Of A Corporate Bitcoin Believer There are clear parallels between Metaplanet’s strategy and that of MicroStrategy. The US firm has aggressively amassed Bitcoin, currently holding over 1% of the entire circulating supply. Metaplanet, though smaller, has reportedly acquired over 117 BTC since April, signaling their commitment to replicating this strategy. While Metaplanet’s decision reflects a growing institutional interest in Bitcoin, it also carries significant risks. Bitcoin’s price remains highly volatile, with the potential for substantial losses if the market takes a downturn. Additionally, the regulatory landscape surrounding cryptocurrencies is still evolving, and future regulations could negatively impact Bitcoin’s viability as a reserve asset. Related Reading: Analyst Predicts Injective (INJ) Breakout: $50 Price Range On The Horizon A Digital Canary In The Coal Mine? Metaplanet’s bold move serves as a fascinating case study. Their all-in bet on Bitcoin raises questions about the future of traditional reserve assets and the potential for wider adoption of cryptocurrencies by institutional investors. Impact On Bitcoin Price The company’s investment, while significant for a single firm, represents a relatively small portion of the total Bitcoin market capitalization. However, the news itself could generate positive sentiment and short-term price increases, especially if it entices other institutional investors to follow suit. Conversely, if Metaplanet’s strategy backfires and they are forced to sell their Bitcoin holdings at a loss, it could trigger a broader sell-off and price decline. Ultimately, the long-term impact will depend on how this bold move by Metaplanet plays out, alongside broader market forces and evolving regulations. Featured image from Pexels, chart from TradingView
Since announcing its Bitcoin strategy in April, Metaplanet has accumulated around 117.7 BTC valued at $7.2 million.
Tokyo stock exchange-listed Metaplanet declared Bitcoin as its strategic reserve asset due to the current economic uncertainty pervading the Japanese economy, according to a May 13 statement. The firm said: “Metaplanet has adopted Bitcoin as its strategic treasury reserve asset. This move is a direct response to sustained economic pressures in Japan, notably high government […]
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Japan-based Metaplanet has acquired additional Bitcoin, according to a May 10 disclosure statement on social media platform X. The firm revealed that it bought 19.87 BTC on April 23 at an average price of 10.06 million yen, equivalent to $64,664 each. This purchase amounted to 200 million yen, approximately $1.28 million. This acquisition brings Metaplanet’s […]
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