🚀 Metaplanet Buys More #Bitcoin , Stock Soars 420%!

Japanese firm #metaplanet just made a huge move, grabbing 107 more $BTC (worth $6.9M) to hedge against yen volatility. Their strategic Bitcoin stash now totals 500+ $BTC , making them one of Asia’s biggest holders! Funded by a loan from MMXX Ventures, this Bitcoin push has rocketed their stock price 420% since April. 📈

Metaplanet’s $BTC strategy is paying off big, and they’re showing no signs of stopping. Could this be a game-changer in the market? 💥


#CATIonBinance #moonbix #NeiroOnBinance

Investors appeared to like the move, with #metaplanet stock rallying 10.8% to $0.59 (92 Japanese yen) before cooling off to $0.57 (89 Japanese yen) at midday on the Tokyo Stock Exchange on June 11, according to Google Finance.

The firm has seen its stock soar nearly fivefold since it unveiled its Bitcoin investment strategy on April 9, 2024.

Its first Bitcoin purchase came on April 23 at 97.85 Bitcoin, followed by an additional 19.87 Bitcoin on May 10, according to Bitcoin Treasuries. It is now the 30th largest corporate holder of Bitcoin in the world.

Similar to MicroStrategy — the largest corporate Bitcoin shareholder — Metaplanet iterated on May 13 that it’ll adopt an “entire range of capital market instruments” to bolster its Bitcoin reserves.

The firm adopted the strategy to hedge against Japan’s worsening debt burden and the fastly-depreciating Japanese yen.

Japan’s debt-to-GDP ratio of 261% is the worst among developed countries, Metaplanet said.

The Japanese yen has fallen almost 35% against the United States dollar since January 2021, while Bitcoin is up nearly 200% against the Japanese yen over the last 12 months.
However, it’s still far below the Bitcoin holdings of the Michael Saylor-run firm, which holds 214,400 Bitcoin — amounting to 1.02% of the roughly 21 million Bitcoin that will ever enter into circulation.

Metaplanet is currently only available on the Tokyo Stock Exchange, walling out access to U.S. investors but efforts are being made to change that.

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Metaplanet Invests $1.6M in Bitcoin, Acquiring 23.35 BTC
Metaplanet’s additional Bitcoin purchase reflects a broader trend of corporate adoption of digital assets for investment strategies. As institutional interest in cryptocurrencies grows, more firms explore integrating digital assets into portfolios amid regulatory clarity. Corporations like Metaplanet diversify with Bitcoin, safeguarding wealth and positioning for crypto market growth. Beyond its investment implications, Metaplanet’s acquisition of Bitcoin underscores the growing mainstream acceptance of cryptocurrencies as legitimate financial instruments. As more established companies embrace digital assets, the perceived risk associated with investing in Bitcoin diminishes, paving the way for broader adoption and integration into traditional financial systems.This shift in perception bodes well for the long-term viability and resilience of cryptocurrencies, further solidifying their role as a viable alternative to traditional forms of money and investment.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
#metaplanet #metaplanettoken #IOprediction #TopCoinsJune2024 #ETHETFsApproved

Tokyo-listed Metaplanet Inc. saw shares rise 9.88% after purchasing an additional $1.58M worth of Bitcoin, totaling 141.07 $BTC
Metaplanet's stock surged from 19 yen to 89 yen since adopting #Bitcoin as its strategic reserve.
Choose Bitcoin!

#metaplanet #StockMarket #TrendingTopic

📌 Metaplanet Inc., a prominent Japanese company traded on the Tokyo Stock Exchange, has unveiled a landmark partnership with Hoseki, a leader in Bitcoin verification solutions.

#metaplanet #ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #KaleemsCryptoMehfilKCM #MtGoxJulyRepayments

🔻METAPLANET EXPANDS BITCOIN HOLDINGS🔻

Metaplanet, a Japanese firm, has added ¥500 million in #Bitcoin, bringing its total to 303 BTC, worth $18 million.

The company plans to raise $70 million, with $58 million earmarked for more Bitcoin investments.

Despite market dips, Metaplanet sees $BTC as a hedge against yen depreciation and Japan's debt.

#metaplanet #CryptoMarketMoves #MarketDownturn #BlackRockETHOptions #Babylon_Mainnet_Launch

✴️Breaking NEWs: 🇯🇵 Metaplanet partners with Hoseki to verify $BTC holdings 🚨🚨🚨

#metaplanet #BitcoinHoldings #KaleemsCryptoMehfilKCM #ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024

Metaplanet, a Tokyo-based investment and consulting firm, has acquired 20.195 Bitcoins (BTC) after receiving approval from its board of directors.

#BinanceTournament #Megadrop #metaplanet #IntroToCopytrading $BTC

Metaplanet Inc. just added 57.273 $BTC to its treasury! 💰 This Japanese firm is doubling down on bitcoin, citing economic challenges in Japan. #bitcoin #investment #metaplanet #Japan

Following MicroStrategy's lead, Japanese firm Metaplanet keeps buying Bitcoin, adding ¥200 million worth to its holdings. This strategy aims to hedge against economic risks and has boosted investor confidence, with Metaplanet's stock price surging 10%. The company's Bitcoin journey highlights the growing trend of cryptocurrency adoption by institutional investors.
#metaplanet #MicroStrategу #Bitcoin $BTC #IntroToCopytrading

Metaplanet’s Bold Bitcoin Bet: Japanese Firm Boosts Holdings Amid Economic Uncertainty and Market Volatility

The firm recently acquired 38.464 BTC for approximately $2 million, bringing its total Bitcoin holdings to 398.832 BTC, now valued at around $26 million.

#Bitcoin❗ #bitcoin☀️ #CryptoNewss #metaplanet

🚨Breaking: Japan’s Metaplanet acquired another 38.464 Bitcoin, valued at roughly 300 million yen ($2 million), increasing its total holdings to $26 million. #bitcoin #metaplanet

Metaplanet Initiates $6.3 Million Bond Issue in Japan to Acquire Bitcoin.

Metaplanet, a publicly listed company based in Japan, has announced plans to raise approximately 1 billion yen (about $6.26 million) through unsecured bonds. The proceeds from this bond issuance will be used to purchase Bitcoin, often referred to as digital gold in the cryptocurrency market.

The bonds, offering a competitive 0.5% interest rate, will mature in one year with scheduled coupon payments.
Investors and market analysts have responded positively to Metaplanet's strategic move. Following the announcement, shares of the company surged by 9.2%, according to Finance.Yahoo.

In June 2024, Metaplanet reported acquiring 23,351 BTC, valued at approximately $1.58 million at the time of purchase. This acquisition significantly increased their total holdings in Bitcoin to 141.07 BTC, worth approximately $9.54 million.

Earlier in April, Metaplanet announced its decision to shift funds from its treasury to Bitcoin, highlighting its growing confidence in the digital asset as a strategic investment. $BTC
$GAL $HIVE

#metaplanet #CryptoPCEWatch #MicroStrategy #CertiKvsKraken #LayerZero

🌟 New #listing

✨ $METAQ (Metaplanet Token) will be listed on LBank! @metaplanet99

The METAQ game platform is aimed at realizing common interests for ecosystem participants by providing a variety of blockchain-based X2E games.
#metaq #metaqtoken #metaplanet #metaplanettoken #lbank