Metaplanet Grows Bitcoin Holdings With $2.2 Million Acquisition

September 12, 2024 Bitcoin.com

Metaplanet Grows Bitcoin Holdings With .2 Million Acquisition

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Metaplanet, a publicly listed Japanese company, has significantly boosted its Bitcoin holdings with a recent acquisition of 38.6 bitcoin for $2.2 million (¥300 million). This purchase increases their total bitcoin assets to 398.8 BTC, valued at around $27.6 million (¥3.75 billion). The company’s strategy, similar to that of Microstrategy, involves using debt to acquire bitcoin […]

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Japan’s Metaplanet up 6% as Bitcoin stack nears 400 BTC

September 11, 2024 Coin Telegraph

Bitcoin Investment Strategy

Metaplanet’s stock has jumped 480% since it unveiled its Bitcoin strategy in April, but the firm is down 13% on its investment.

Japanese investment firm Metaplanet has purchased more Bitcoin, bringing its stack to nearly 400 Bitcoin and sending its share price on a 5.9% rally on the Tokyo Stock Exchange.

The firm said on Sept. 10 that it purchased 38.46 Bitcoin (BTC) for $2.1 million (300 million Japanese yen) bringing its total stash to 398.8 Bitcoin — worth $23 million.

It’s Metaplanet’s tenth Bitcoin purchase since its first on April 23, according to Bitcoin Treasuries data.

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Metaplanet buys ¥300 million worth of Bitcoin, now holds nearly 400 BTC

September 10, 2024 The Crypto Briefing

Bitcoin

Metaplanet's continued Bitcoin investments highlight a strategic shift towards cryptocurrency as a hedge against economic instability in Japan.

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SBI VC Trade and Metaplanet Team Up for Advanced Bitcoin Trading Solutions

September 3, 2024 Bitcoin.com

Bitcoin

Metaplanet and SBI VC Trade have formed a strategic partnership to enhance bitcoin trading, storage, and management. This alliance aligns with Metaplanet’s “bitcoin first, bitcoin only” strategy, emphasizing BTC’s scarcity and decentralized nature. The partnership provides Metaplanet access to SBI VC Trade’s tax-efficient corporate custody services and the ability to use bitcoin as collateral, supporting […]

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‘Asia’s MicroStrategy’ Metaplanet buys ¥500 million worth of Bitcoin

August 13, 2024 The Crypto Briefing

Bitcoin

Metaplanet's aggressive Bitcoin investments signal a growing trend among Asian firms to use cryptocurrency as a hedge against economic instability.

The post ‘Asia’s MicroStrategy’ Metaplanet buys ¥500 million worth of Bitcoin appeared first on Crypto Briefing.

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Metaplanet secures 1B yen loan to buy more Bitcoin

August 8, 2024 Coin Telegraph

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Just two days after revealing plans to raise $70 million via a stock rights offering, ‘Asia’s MicroStrategy’ has taken a $6.8 million loan from one of its shareholders to buy more Bitcoin.

Japanese investment firm Metaplanet has just resolved to secure a $6.8 million loan (1 billion Japanese yen) from one of its shareholders to buy more Bitcoin.

The loan from MMXX Ventures — a Metaplanet shareholder — has a 0.1% interest rate per annum and a six-month term starting on Aug. 8. The company revealed in a statement that it will be paid back in a lump sum.

If approximately 100% of the $6.8 million of the loan went toward Bitcoin, the firm would be able to buy an additional 118.5 Bitcoin (BTC) at current market prices.

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Metaplanet Announces $70 Million Stock Rights Offering to Further Boost Bitcoin Investments

August 7, 2024 Bitcoin.com

Metaplanet Announces Million Stock Rights Offering to Further Boost Bitcoin Investments

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Metaplanet, a Japanese firm, has announced a $70 million stock rights offering aimed at significantly boosting its Bitcoin investments. With $58.76 million of the raised funds earmarked for bitcoin, this strategic move is part of Metaplanet’s broader plan to expand its cryptocurrency holdings and hedge against currency depreciation. The company, which currently holds around 246 […]

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Metaplanet to invest $58M in Bitcoin amid Japanese market rebound, calls it the ‘apex monetary asset’

August 6, 2024 The Crypto Briefing

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Metaplanet's significant Bitcoin investment highlights a growing trend of firms using cryptocurrency to hedge against economic instability.

The post Metaplanet to invest $58M in Bitcoin amid Japanese market rebound, calls it the ‘apex monetary asset’ appeared first on Crypto Briefing.

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Japanese firm Metaplanet to invest $58.76M in Bitcoin

August 6, 2024 Coin Telegraph

Japanese firm Metaplanet to invest .76M in Bitcoin

10 billion yen

Metaplanet Inc. allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japan’s market volatility.

Metaplanet Inc. announced a gratis allotment of its 11th series of stock acquisition rights to all common shareholders during the company’s Board of Directors meeting.

The decision was made to raise approximately 10 billion yen worth around $69.13 million, with 8.5 billion yen worth $58.76 million set for investment in Bitcoin (BTC).

All common shareholders will receive the stock acquisition rights as of Sept. 5, with the allotment effective from Sept. 6 onward.

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Metaplanet, Semler Scientific were ‘zombie companies’ until Bitcoin, execs say

July 26, 2024 Coin Telegraph

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Shares in Metaplanet and Semler Scientific are up double and triple digits since the firms followed MicroStrategy’s Bitcoin playbook this year.

Executives at Metaplanet and Semler Scientific say MicroStrategy’s Bitcoin playbook inspired them to follow suit and emerge from “zombie” status this y— while their share prices have soared.

“We were hearing Michael Saylor talk about zombie companies, and we realized we were probably one of those companies because we were not getting any love in the stock market, our stock was not performing well, and we were still very cash-rich,” Semler Scientific’s chairman Eric Semsler explained at the Bitcoin Conference in Nashville on July 25.

Zombie companies earn just enough to continue operating and service debts but have no excess capital to spur growth and are often close to insolvency.

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