Asia\'s MicroStrategy\' Boosts Bitcoin Holdings, Triggers 25% Surge in Share Price-web3.0-php.cn

Asia\'s MicroStrategy\' Boosts Bitcoin Holdings, Triggers 25% Surge in Share Price

WBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWB

Jul 18, 2024 am 11:28 AM

Metaplanet, a prominent publicly-listed investment and consulting firm headquartered in Japan, has significantly boosted its Bitcoin [BTC] holdings.

Asia's MicroStrategy' Boosts Bitcoin Holdings, Triggers 25% Surge in Share Price

Prominent Japanese investment and consulting firm Metaplanet has boosted its Bitcoin (BTC) holdings once again.

According to a recent filing, Metaplanet acquired an additional 21.88 BTC, valued at over $1.2 million (around 200 million Japanese yen) at the time of purchase. This brings the company’s total disclosed BTC holdings to 247.25 BTC.

Metaplanet, often referred to as "Asia's MicroStrategy" for its tendency to follow MicroStrategy's investment strategies, is known for financing its Bitcoin purchases through bond sales, highlighting the growing institutional adoption of BTC.

On 16 July, Metaplanet increased its Bitcoin holdings to over 225 BTC, valued at approximately $14.55 million at current prices.

Furthermore, Metaplanet's recent announcement of expanding its BTC holdings has led to a remarkable surge in its share price, with the stock soaring by an impressive 25.81% to reach 117 JPY. This surge reflects investor confidence in the firm's strategic adoption of Bitcoin, which has pushed its stock up by an astounding 631% since the year began.

no institutional Bitcoin adoption

As of the latest update, Metaplanet's current market capitalization stands at 17.5 billion JPY, with its BTC holdings valued at 2.25 billion JPY on its balance sheet. As BTC's proportion in its total assets continues to rise steadily, analysts speculate it could surpass 100% in the near future, showcasing Metaplanet's bold stance in embracing cryptocurrency as a core part of its investment strategy.

This is further confirmed by CoinGecko's data, which shows that Metaplanet currently ranks as the world's 21st-largest corporate holder of Bitcoin.

The move also highlights Metaplanet's strategy of hedging against Japan's escalating debt crisis and the depreciating yen. With the yen plummeting nearly 54% against the US dollar since January 2021, BTC has emerged as a robust alternative, appreciating by over 145% against the yen in the past year alone.

In conclusion, Metaplanet's strategy reflects a growing trend where institutions are using Bitcoin alongside traditional assets for hedging and diversification.

The above is the detailed content of Asia\'s MicroStrategy\' Boosts Bitcoin Holdings, Triggers 25% Surge in Share Price. For more information, please follow other related articles on the PHP Chinese website!

Statement

The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Top 10 virtual digital currency app platforms in the world, the top ten virtual currency trading platforms in 2025Mar 05, 2025 pm 08:00 PM

With the booming development of the virtual currency industry, virtual digital currency trading platforms around the world are becoming increasingly stronger. This article focuses on the top ten virtual digital currency app platforms in the world in 2025, including Binance, OKX, Gate.io, Kraken, Gemini, FTX, Bybit, KuCoin, Huobi and Coinbase. These platforms are known for their advanced features, a wide range of transaction pairs, low fees and stable performance, providing users with a wide range of virtual currency trading options.

Pi Node Teaching: What is a Pi Node? How to install and set up Pi Node?Mar 05, 2025 pm 05:57 PM

Detailed explanation and installation guide for PiNetwork nodes This article will introduce the PiNetwork ecosystem in detail - Pi nodes, a key role in the PiNetwork ecosystem, and provide complete steps for installation and configuration. After the launch of the PiNetwork blockchain test network, Pi nodes have become an important part of many pioneers actively participating in the testing, preparing for the upcoming main network release. If you don’t know PiNetwork yet, please refer to what is Picoin? What is the price for listing? Pi usage, mining and security analysis. What is PiNetwork? The PiNetwork project started in 2019 and owns its exclusive cryptocurrency Pi Coin. The project aims to create a one that everyone can participate

Various ETF issuers compete to apply for Solana ETF! But why is BlackRock still absent?Mar 03, 2025 pm 06:33 PM

Many ETF issuers are scrambling to apply for SolanaETF, but BlackRock is still holding back? This article will interpret this phenomenon. SolanaETF application boom The Securities and Exchange Commission (SEC) has accepted SolanaETF applications submitted by several institutions, including Bitwise, 21Shares, VanEck, CanaryCapital and Grayscale. Bloomberg predicts that the probability of Solana spot ETF being approved by the end of the year is as high as 70%, which is closely related to the Trump administration's friendly attitude towards cryptocurrencies. The establishment of Franklin's "Franklin SolanaTrust" also implies its potential application for SolanaETF. However, Sol

Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of FebruaryMar 16, 2025 am 10:10 AM

Technical indicators such as the OBV showed that selling pressure has been dominant, meaning more losses may be likely ahead.

Understand the current situation and future of MEV on a single articleMar 04, 2025 pm 05:06 PM

Sui Blockchain's MEV (Maximum Extractable Value) strategy and future outlook MEV have become the core issues in the blockchain field, which are related to transaction sorting and arbitrage opportunities. Sui is committed to guiding the development of MEV through Sui Improvement Proposal (SIP) and other mechanisms, ensuring transparency, transaction security, network health, and participant rewards. In addition to existing mechanisms, more mechanisms are planned to be introduced to ensure that its core principles can effectively guide the evolution of MEVs on Sui. Design principles and considerations Sui's every transaction contains potential profit opportunities. Sui's MEV ecosystem consists of the following mechanisms: MEV transaction submission mechanism MEV opportunity release mechanism MEV

Qubetics ($TICS): The Revolutionizing AI CryptoMar 23, 2025 am 10:08 AM

Cryptocurrency has always been a realm where the cutting edge of technology meets bold ambition, and it's only getting more exciting in the future. As artificial intelligence continues to grow in influence, there are a handful of digital assets that

PI price forecast: How high can PI coins rise?Mar 03, 2025 pm 07:27 PM

Since the launch of PiNetwork (PI)'s independent network, it has continued to attract the attention of the cryptocurrency community. In contrast to the recent sluggish performance of mainstream cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), the price of PI has risen against the trend. PI cryptocurrency: Binance listing may become a catalyst for price surge PINetwork (PI) price upward momentum Strong PI is currently priced at $1.6750, far higher than the previous low of $0.6020. Trading activity and investor interest continue to grow, and PI's future price trend has become the focus of market attention. PI market performance: Strong rebound and key resistance levels PI mainnet started at the beginning

Top 10 Free Virtual Currency Exchanges Rankings The latest top ten virtual currency APP trading platformsMar 11, 2025 am 10:18 AM

The top ten free virtual currency exchanges are ranked: 1. OKX; 2. Binance; 3. Gate.io; 4. Huobi Global; 5. Kraken; 6. Coinbase; 7. KuCoin; 8. Crypto.com; 9. MEXC Global; 10. Bitfinex. These platforms each have their own advantages.