Adam Back Reveals Investment in Metaplanet, a Japan-Based Bitcoin Strategy Company
Adam Back, a prominent figure in the cryptocurrency space, has disclosed his investment in Metaplanet (TYO:3350), a Japanese company employing a MicroStrategy-like ($MSTR) Bitcoin accumulation strategy.
Key aspects of Metaplanet's approach include:
1. Holding a significant Bitcoin treasury
2. Maintaining a market capitalization to Bitcoin treasury ratio of 5-7x
3. Implementing an "at-the-market" (ATM) selling strategy
4. Offering out-of-the-money (OOM) options for yield generation
Back shared a graph illustrating the company's Bitcoin growth over six months, highlighting the potential of this investment strategy.
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