This week brings glad tidings to the crypto community in the form of the largest cryptocurrency surpassing $100K. Bitcoin has gone full bullish as it reclaimed the $102K zone, though briefly, for the first time this year. Meanwhile, Michael Saylor has suggested an intriguing proposition to increase the cryptocurrency’s value
Japanese investment firm Metaplanet has made headlines with its largest Bitcoin purchase to date. The Tokyo-listed company acquired 619.7 BTC for ¥9.5 billion ($60.6 million), bringing its total holdings to 1,761.98 BTC. This latest purchase comes amid a dip in Bitcoin prices, with Metaplanet paying an average price of approximately
Japanese investment firm Metaplanet expects to achieve its first consolidated operating profit since 2017. The Tokyo-based firm projects ¥890 million ($5.8 million) in revenue for the fiscal year ending December 31, 2024. This marks a 240% increase from the ¥261 million reported last year. Operating profit is anticipated to reach
Tokyo-listed Metaplanet Inc., often referred to as Japan’s MicroStrategy, has announced the issuance of its fourth series of ordinary bonds worth 4.5 billion yen (approximately $30 million). The proceeds from the bonds will be directed toward purchasing Bitcoin (BTC), continuing the company’s strategic reserve asset expansion. The bonds carry a
A Japanese firm popular for BTC acquisition, Metaplanet is planning to reward its shareholders with Bitcoins worth 30 million yen in collaboration with Japan crypto exchange SBI VC Trade. Metaplanet is often called Japan’s Microstrategy, referring to its Bitcoin acquisition similar to Microstrategy. 【SBI VCトレード×METAPLANET】総額3,000万円相当分のBTCプレゼントキャンペーン🎁 当社とメタプラネット(@Metaplanet_JP… pic.twitter.com/bhlHxPZ3Hm — SBI VC
Metaplanet Teams Up with BTC Media Japanese investment firm Metaplanet has finalized a licensing agreement with BTC Media to launch Bitcoin Magazine Japan, which is aiming to drive nationwide awareness and Bitcoin adoption. This collaboration, which was initially outlined in July, was announced at the Bitcoin Conference in Nashville, Tennessee.
Metaplanet, a Japanese public company, is boldly increasing its Bitcoin holdings through a ¥1.75 billion (roughly $12 million) bond issuance. Becoming Asia’s second-largest corporate holder of Bitcoin and using this strategy to deal with economic challenges. Metaplanet currently owns 1,018 BTC, worth about $92.18 million, making up 19% of the
The Japanese investment firm, Metaplanet, known as Asia’s MicroStrategy, recorded a surge in its Bitcoin holdings, increasing by $28 million this year. This resulted in doubling the firm’s market valuation. Despite the surge, Metaplanet’s stock has witnessed a brief decline. The mid-2024 noted the beginning of the focused acquisition efforts
Metaplanet Inc., a publicly listed investment firm from Japan, has joined the CoinShares Blockchain Global Equity Index (BLOCK Index). This marks Metaplanet’s first listing in a globally recognized equity index. The BLOCK Index, managed by CoinShares, tracks significant publicly traded companies driving blockchain and cryptocurrency innovation. With its inclusion, Metaplanet
Japanese investment firm Metaplanet has embraced a new performance metric called “BTC Yield” to evaluate its growing Bitcoin holdings, closely following the approach of U.S.-based firm MicroStrategy. Announced on Oct. 25, Metaplanet’s BTC Yield aims to reflect the company’s Bitcoin acquisition strategy’s potential shareholder value, offering a unique measure by
