MicroStrategy 2.0? This publicly traded company just went all-in on Bitcoin

^{Metaplanet has just invested 1 billion yen (approximately $6.5 million) in Bitcoin and will use it as the company’s “core reserve asset.”}

^{Following in the footsteps of Michael Saylor, yet another public company has decided to make Bitcoin its preferred savings asset.}

^{Metaplanet, an investment and advisory company listed on the Tokyo Stock Exchange, announced on Monday that it had purchased 1 billion yen (approximately $6.5 million) worth of Bitcoin for its corporate finance.}

^{Metaplanet’s Bitcoin Strategy}

^{According to the company’s tweet, Metaplanet has chosen to “embrace Bitcoin as the company’s core reserve asset.”}

^{The company wrote: "This strategic shift is not just about embracing digital assets, but also creating a future with finance and innovation at its core."}

^{According to its website information, Metaplanet focuses on building a "bridge" between Japan and the rest of the world in the "Web2" and "Web3" environments.}

^{"Web3" It is a general term for the blockchain-based Internet era, which integrates tokenization and decentralized finance into daily life. Some of the company's consulting services are specifically focused on Web3 strategy and blockchain integration.}

^{Other businesses include investment, real estate, and "distribution business" that promotes high-quality Japanese products to the world. Some of the company’s latest backers backing its Bitcoin strategy include Sora Ventures, UTXO Management and Morgan Creek Capital co-founder Mark Yusko, who expects Bitcoin to hit $150,000 this year.}

^{Metaplanet wrote: "Our transition to Bitcoin is a major milestone in our mission to lead the era of digital finance and positions Metaplanet as a pioneer in digital asset adoption in Japan."}

^{Metaplanet vs. MicroStrategy}

^{Metaplanet’s market capitalization is 2.18 billion yen, which is several orders of magnitude smaller than MicroStrategy, the world’s leading company that uses Bitcoin as a reserve asset.}

^{MicroStrategy is an enterprise software company turned Bitcoin development company that currently holds 214,245 BTC ($15.39 billion), accounting for more than 1% of the total BTC supply.}

^{As a public company, MicroStrategy is able to take advantage of cheap convertible bond issuances, debt issuance, and stock dilution to accumulate more Bitcoin (BTC) for shareholders. For investors, this makes it a leveraged Bitcoin ETF that could be available long before regular Bitcoin ETFs hit U.S. public markets this year.}

^{Shares of MicroStrategy (MSTR) are up 120% so far, roughly double Bitcoin’s gains. Many analysts believe that this is an “unreasonable premium” to its real BTC holdings, which will surely be corrected over time. a}

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