🔥 Land A High Paying Web3 Job In 90 Days LEARN MORE

Japanese company Metaplanet acquires an additional  19.87 BTC Worth 200 Million Yen

In this post:

  • As of today, the Japanese company Metaplanet holds approximately 117.72 BTC.
  • Total BTC holdings now account for approximately 33% of its total market cap. 
  • Just recently, the Japanese company Metaplanet acquired an additional 19.87 BTC for over 200 million Yen.

The Japanese company Metaplanet made headlines after acquiring close to 20 BTC in what looked like Microstrategy’s approach to accumulating Bitcoin. Metaplanet Inc. has embarked on an aggressive approach to buying and holding Bitcoin. Considering this recent purchase, Metaplanet Inc. has a total of 117.7 Bitcoins, currently valued at approximately $7.3 million. 

Metaplanet’s Inc. is a large investment and consulting firm in the heart of Tokyo, and its decision to aggressively purchase Bitcoins is a clear indicator of a shift in investment strategy. 

Understanding the Magnitude of Metaplanet’s BTC investment

Depending on who’s reading this, a $6.5 million investment in Bitcoin could represent a significant investment or not. The company’s decision to invest this much in Bitcoin is better understood by looking at its total market cap. 

Reportedly, the Japanese company’s Bitcoin holdings now account for approximately 33% of its total market capitalization. This is a significant investment in Metaplanet’s books, indicating how valuable the Japanese company perceives Bitcoin. 

The Japanese Investment and Consulting company follows in the footsteps of pro-Bitcoin corporations like Microstrategy, which have also continued accumulating Bitcoin as part of their primary asset holdings. 

Metaplanet’s Grand Plan with Bitcoin

Tokyo’s financial institution has completely embraced the corporate Bitcoin standard. Dylan LeClair, who recently joined the company as the Director of Bitcoin Strategy, shared how the company will strategically leverage public capital markets to acquire additional Bitcoin for shareholders over time. 

See also  Ark's Cathie Wood predicts Trump-led deregulation boost for tech, AI, and crypto

According to Dylan, the financial repression in Japan has left investors with limited investment options to choose from. As a result, the company is looking for alternative options like Bitcoin to insulate its balance sheets from realities such as the structural weakness of the yen. 

The institution’s grand plan is not only to strengthen its balance sheets but also to capitalize on it. Bitcoin is viewed as a safer alternative to hedge against inflation, triggering corporations to explore its benefits. Larger institutions like Microstagey are leading the way. Metaplanet Inc. is looking to be a pioneer of corporate Bitcoin in Japan. 

The bold steps by the Japanese company set the stage for financial institutions alike to accept Bitcoin as a digital asset, impacting its balance sheets. As a result, the revolution continues to grow, and more investors get exposed to Bitcoin, leading to mass adoption as intended.

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Share link:

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Editor's choice

Loading Editor's Choice articles...
Cryptopolitan
Subscribe to CryptoPolitan