Japanese company Metaplanet announces acquisition of Bitcoin, stock price surges more than tenfold this year
Japanese company Metaplanet announced in April this year that it would emulate MicroStrategy's Bitcoin strategy, causing its stock price to soar significantly, similar to MicroStrategy's trend over the past few years, with an increase of over tenfold.
Table of Contents
Metaplanet Bitcoin and Stock Price Strategy Proves Effective
According to previous reports, after receiving investments from multiple capital institutions and individuals such as Sora Ventures and 210k Capital, Metaplanet has decided to start buying Bitcoin to generate profits through holding Bitcoin.
Since the opening on January 4th, the stock Metaplanet 3350 has surged from 16 yen to 174 yen as of the 16th, with an increase of over tenfold.
Investing 1 billion yen in BTC, Metaplanet's Japanese stock price surged nearly 90%! Sora Ventures Takes the Lead in Creating "Asian Micro Strategies"
Metaplanet Holds 245 BTC
Metaplanet announced on the 22nd that they have purchased an additional 20.38 BTC. The current data is as follows:
Total Investment: 2.45 billion yen
Total Holdings: 245.992 BTC
Average Price: 9,959,687 yen, approximately 63,420.94 USD
*Metaplanet purchases additional 20.38 $BTC* pic.twitter.com/xt1AjSWPNL
— Metaplanet Inc. (@Metaplanet_JP) July 22, 2024
Metaplanet Ranks Among the Top Thirty Bitcoin-Holding Companies
According to Bitcointreasuries, Metaplanet is currently ranked 27th among global companies holding Bitcoin, and their entry rate in mid-July was more frequent:
April 23: 97.85 BTC
May 10: 19.87 BTC
June 11: 23.351 BTC
July 1: 20.195 BTC
July 8: 42.46 BTC
July 16: 21.877 BTC
- July 22: 20.38 BTC
In May, Metaplanet emphasized that Bitcoin is fundamentally superior to any other form of political currency, traditional value storage, and investment, as well as better than other crypto assets and securities:
Bitcoin is an absolutely scarce digital currency commodity with no central issuer. Its monetary policy is strictly limited until issuance is completed in 2140, with a total supply that will never exceed 21 million coins, distinguishing it from competitive crypto projects developed by centralized teams.