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

bitcoin.com

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 […]

Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

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

August 6, 2024 The Crypto Briefing

Metaplanet to invest M in Bitcoin amid Japanese market rebound, calls it the 'apex monetary asset'

Business

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.

Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

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.

Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

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

July 26, 2024 Coin Telegraph

Bitcoin conference

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.

Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Tokyo Stock Exchange-Listed Metaplanet Completes 1 Billion Yen Bitcoin Purchase

July 24, 2024 Bitcoin.com

Bitcoin

Metaplanet Inc. announced on July 22 the purchase of an additional 200 million yen worth of bitcoin, amounting to 20.381 BTC. This latest acquisition completes the company’s 1 billion yen ($6.4 million) bitcoin purchase plan, which was initially disclosed on June 24. With this final purchase, Metaplanet’s total bitcoin holdings now stand at 245.992 BTC. […]

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‘Asia’s MicroStrategy’ Metaplanet buys another ¥200 million worth of Bitcoin, shares jump 13%

July 22, 2024 The Crypto Briefing

Bitcoin

Metaplanet's Bitcoin acquisition strategy boosts investor confidence, potentially setting a trend for other Asian firms to follow suit.

The post ‘Asia’s MicroStrategy’ Metaplanet buys another ¥200 million worth of Bitcoin, shares jump 13% appeared first on Crypto Briefing.

Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Tokyo-Based Metaplanet Adds Almost 22 More Bitcoin to Its Treasury

July 16, 2024 Bitcoin.com

Bitcoin

Metaplanet, a Tokyo-based public company, has revealed that it has acquired more bitcoin for its treasury holdings. According to disclosure statements, Metaplanet acquired 21.877 bitcoin, spending about $1.26 million (200 million Japanese yen) for this purpose. Now, Metaplanet holds 225.61 bitcoin, having paid a little over $14.17 million for the cryptocurrency acquired. In May, the […]

Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Metaplanet Announces Bitcoin Purchases Totaling Nearly $2.5 Million

July 8, 2024 Bitcoin.com

Metaplanet Announces Bitcoin Purchases Totaling Nearly .5 Million

Bitcoin (BTC)

Metaplanet, a Tokyo-listed public company, has disclosed it has completed bitcoin purchases amounting to 400 million yen (almost $2.5 million). The company, which vowed to use bitcoin as a strategic reserve asset to navigate the uncertainties of the Japanese economy and the devaluation of the yen, acquired 42.466 bitcoin at an aggregate price of $58,600 […]

Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

‘Asia’s MicroStrategy’ Metaplanet buys another ¥400 million worth of Bitcoin

July 8, 2024 The Crypto Briefing

Bitcoin

Metaplanet's continued Bitcoin investments highlight a growing trend of companies using cryptocurrency as a hedge against economic instability.

The post ‘Asia’s MicroStrategy’ Metaplanet buys another ¥400 million worth of Bitcoin appeared first on Crypto Briefing.

Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Tokyo Stock Exchange-Listed Metaplanet Boosts Bitcoin Holdings

July 1, 2024 Bitcoin.com

Bitcoin

Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2 million), Metaplanet has initiated the purchase with an investment of 200 million yen. This transaction […]

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