The Japanese investment company MetaPlanet has launched a new business project focused on financial management of bitcoins.
The company announced on December 18, 2024, that it is making Bitcoin a core part of its operations, officially establishing a Bitcoin treasury function. This move aligns with MetaPlanet's plan to use Bitcoin instead of yen.
However, the board of directors of MetaPlanet has decided to make treasury operations with bitcoins a new business direction, indicating a shift in the company's financial strategy. This decision was made following steps such as the decision to purchase bitcoin for treasury management.
In line with this approach, the management of MetaPlanet has established a "Bitcoin First, Bitcoin Only" policy, prioritizing the accumulation of Bitcoin. This policy utilizes capital-raising tools such as loans, stock issuance, and convertible bonds.
Additionally, MetaPlanet updated its Articles of Association in 2024 to include business related to Bitcoin, allowing the firm to hold, invest in, and manage Bitcoin. #2024withBinance
