Today we have two news stories from Japan to discuss. First is Mateplanet, whose investment strategy has attracted widespread attention in the market, similar to Microstrategy in the United States.

Mateplanet decided to convert part of its cash assets into Bitcoin, a strategy that has led to a nearly 70% increase in the company's stock price. Recently, Mateplanet made another $1.2 million in Bitcoin purchases, equivalent to about 20.2 Bitcoins. Although Mateplanet is smaller in size compared to Microstrategy, whenever the company adopts a Bitcoin strategy, its positive impact on the stock price can be seen.

Mateplanet plans to conduct a new round of Bitcoin fundraising, and is expected to purchase a total of $6 million worth of Bitcoin. At present, they have completed the purchase of $1.2 million in Bitcoin, with a remaining $4.8 million in Bitcoin to be purchased. This move to Bitcoin is not only a strategy for investment diversification, but also an effective means to fight inflation, especially in the face of the depreciation of traditional currencies.

However, it is an unchanging fact that there will always be fluctuations in the crypto market. We cannot be naive to think that the market will be smooth sailing as institutions and companies adopt strategies for Bitcoin. Although these measures may provide support for Bitcoin prices, the market will not be completely calm. In the crypto market, holding Bitcoin will not always be safe, and you must always be vigilant.

The second news is about Sony, the famous Japanese electrical appliance manufacturer decided to restart its cryptocurrency exchange Whalefin. Whalefin was originally operated by Amber Group. After Sony acquired Amber Group last year, it planned to restart Whalefin and develop a new exchange application. This shows Sony's investment and ambition in the cryptocurrency field. Previously, Sony has made some layouts in the fields of NFT and Web3, and now it has further promoted its cryptocurrency exchange business, which is a positive signal for Japanese investors and the overall cryptocurrency market.

In the future, how Sony will organically combine its game platform PlayStation, cryptocurrency payment and exchange business will become the focus of industry attention.

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