Metaplanet Boosts Bitcoin Holdings With $6.7 Million Investment

October 8, 2024 Bitcoin.com

Bitcoin

Metaplanet Inc., a company publicly listed on the Tokyo Stock Exchange, announced on Monday an additional purchase of 108.786 bitcoin for a total investment of 1 billion yen (approximately $6.7 million). The average purchase price was 9,192,359 yen per BTC. With this acquisition, Metaplanet’s total bitcoin holdings now stand at 639.503 bitcoin. The cumulative amount […]

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Japan’s Metaplanet makes $7M Bitcoin buy, bringing holdings to $40.5M

October 7, 2024 Coin Telegraph

Japan’s Metaplanet makes M Bitcoin buy, bringing holdings to .5M

Assets

The Japanese investment firm has scooped up more than 200 Bitcoin so far this month.

Japanese investment company Metaplanet made another Bitcoin purchase, bringing its stash to almost 640 Bitcoin and sending its stock surging more than 10%.

On Oct. 7, Metaplanet announced its latest Bitcoin purchase after the Tokyo-listed firm scooped up another 108.78 Bitcoin (BTC), worth about $6.92 million at its current price of around $63,600.

Metaplanet, which has been dubbed “Asia’s MicroStrategy” after the American BTC-buying firm, has been aggressively acquiring BTC and amassed more than 215 BTC over the week, following a 107.91 BTC purchase on Oct. 1.

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Metaplanet doubles down on Bitcoin, acquires additional ¥1 billion worth of BTC

October 1, 2024 The Crypto Briefing

Bitcoin

Metaplanet's aggressive Bitcoin acquisition strategy highlights a growing trend of firms using cryptocurrency as a hedge against economic instability.

The post Metaplanet doubles down on Bitcoin, acquires additional ¥1 billion worth of BTC appeared first on Crypto Briefing.

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Cathedra Bitcoin cools off mining to tap MicroStrategy playbook

September 17, 2024 Coin Telegraph

Bitcoin investment

Cathedra Bitcoin said Bitcoin mining simply hasn’t provided enough shareholder value on a Bitcoin basis over the last three years, which prompted a change in strategy.

Canadian Bitcoin miner Cathedra Bitcoin is taking the gas pedal off its seven-year mining operation in favor of a new strategy: Buying as much Bitcoin as possible in the open market à la MicroStrategy.

In a Sept. 16 “Bitcoin Treasury Strategy Memo,” Cathedra explained its new plan will see “all capital allocation decisions” now geared toward maximizing the firm’s Bitcoin reserves on a per share basis — the “most important” metric for many of its largest shareholders.

“This represents the formalization of a policy we have always held loosely in our minds but have not always allowed to guide our decisions in a disciplined way.”

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Metaplanet Grows Bitcoin Holdings With $2.2 Million Acquisition

September 12, 2024 Bitcoin.com

Metaplanet Grows Bitcoin Holdings With .2 Million Acquisition

bitcoin.com

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

Bitcoin 2024 conference

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.

Metaplanet

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