Metaplanet's Bitcoin investment strategy, following in the footsteps of MicroStrategy, has yielded exceptional returns and positioned the company as one of the largest Bitcoin holders in Asia.

Metaplanet's aggressive adoption of Bitcoin has caused the company's stock price to soar by about 1,017% as of now in 2024, making it the best-performing stock in Japan, according to CEO Simon Gerovich.

Starting the Bitcoin initiative in April, the company quickly established its position among the largest businesses in Asia in terms of Bitcoin holdings. The stock price skyrocketed 740% in just six months, from $190 in April to $1,596 at the market close last Friday, based on data from Yahoo Finance.

Comparing stock price growth rates in Japan | Source: Simon Gerovich

Once facing difficulties in reviving business operations, Metaplanet has impressively transformed itself by choosing the unique path of 'riding Bitcoin'.

The company has actively accumulated Bitcoin through various financial methods, including issuing stocks and bonds, in a manner similar to MicroStrategy but with adjustments to comply with regulations in Japan.

"We see Bitcoin as the leading digital asset, extremely suitable for inclusion in the company's reserves," Gerovich shared at the Bitcoin Conference in July in Nashville. "After that, we set a goal to own and buy as much Bitcoin as possible over time."

Currently, Metaplanet holds more than 1,000 BTC, purchased at an average price of $61,800. With the current Bitcoin price at $69,900, the company's unrealized profit amounts to approximately $8 million.

Metaplanet plans to continue increasing its Bitcoin holdings and promote the use of Bitcoin as a reserve asset for the business, similar to MicroStrategy. However, Michael Saylor, CEO of MicroStrategy, aims higher: to become the largest Bitcoin bank in the world.

The trend of increasing Bitcoin holdings by businesses

The amount of Bitcoin held by businesses has increased by 587% since 2020, according to River Financial's September report. Currently, businesses own over 3% of the total circulating Bitcoin, equivalent to approximately 683,332 BTC.

Michael Saylor of MicroStrategy encourages large companies to invest in Bitcoin as a way to enhance capitalization and protect assets from inflation risks. He has called on Apple and Microsoft to invest in Bitcoin, believing that owning Bitcoin could serve as a shield against the depreciation of fiat currency.

In an interview on the podcast 'Markets with Madison' earlier this month, Saylor suggested that if Apple invested $100 billion in Bitcoin instead of buying back shares, the company's market capitalization could increase by up to $2 trillion. Similarly, he suggested that Microsoft consider investing in Bitcoin to maximize shareholder value. In a letter to Microsoft CEO Satya Nadella, Saylor predicted that this move could add an additional trillion dollars to Microsoft's market capitalization.

Microsoft is expected to hold a shareholder vote on the proposal to invest in Bitcoin at its annual meeting on December 10. The Microsoft shareholder base mainly consists of large investment institutions and some internal shareholders, including giants like Vanguard Group, BlackRock, State Street, Fidelity Investments, and Geode Capital Management.

However, Microsoft's board of directors has recommended shareholders vote against this proposal, stating that they have carefully assessed the potential of investing in Bitcoin and found it unnecessary to proceed.

Source: https://tapchibitcoin.io/co-phieu-metaplanet-tang-hon-1-000-trong-nam-nho-bitcoin.html