The investment firm from Japan has accumulated a total of 203.734 Bitcoins, which are currently valued at 2.05 billion yen. As part of their strategic plan, Metaplanet has established a new company in the British Virgin Islands. This move aligns with the trend of publicly traded companies in Japan steadily increasing their holdings of Bitcoin. Metaplanet recently purchased 42.47 Bitcoins, worth approximately 2.42 million USD, to take advantage of the current drop in Bitcoin’s price. Interestingly, this purchase coincided with the moment when the price of Bitcoin fell below $54,500. As of now, Bitcoin is being traded at $57,067, according to data from CMC.
Metplanet, a Japanese corporation, has made a daring decision to accumulate Bitcoin, earning itself the nickname “the MicroStrategy of Japan” among the public. Additionally, as part of their investment strategy, Metaplanet has set up a new company in the British Virgin Islands. Their long-term financial plan involves increasing their Bitcoin reserves and solidifying their position in the cryptocurrency market.
The Japanese investment firm has amassed a total of 203.734 Bitcoins, valued at 2.05 billion yen, through continuous accumulation over the past month and more. Currently, Metaplanet holds 2 billion JPY worth of Bitcoin, contributing to its market value of 14.5 billion JPY. Some industry experts predict that Bitcoin’s share of Metaplanet’s total assets will soon exceed 100%. All of these bold moves are orchestrated by Dylan LeClair, the Director of Bitcoin Strategy at Metaplanet.
Leclair has highlighted the Bitcoin-friendly environment in Japan as a unique opportunity for business expansion and strategy. His role as Metaplanet’s equivalent of “Michael Saylor” is gaining popularity. The company’s decision to embrace Bitcoin has been a significant factor in the 382% increase in Metaplanet shares since the beginning of 2024.
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