{"id":24569,"date":"2024-04-09T12:06:00","date_gmt":"2024-04-09T12:06:00","guid":{"rendered":"https:\/\/bitcoins-101.com\/2024\/04\/09\/the-next-microstrategy-japanese-public-company-is-buying-bitcoin\/"},"modified":"2024-04-09T12:06:00","modified_gmt":"2024-04-09T12:06:00","slug":"the-next-microstrategy-japanese-public-company-is-buying-bitcoin","status":"publish","type":"post","link":"https:\/\/bitcoins-101.com\/2024\/04\/09\/the-next-microstrategy-japanese-public-company-is-buying-bitcoin\/","title":{"rendered":"The Next MicroStrategy? Japanese Public Company Is Buying Bitcoin"},"content":{"rendered":"<p>Japanese firm Metaplanet announced it is purchasing 1 billion yen (about $6.5 million) worth of Bitcoin as part of its corporate treasury strategy, a move that mimics\u00a0<a href=\"https:\/\/bitcoinmagazine.com\/tags\/microstrategy\">MicroStrategy&#8217;s<\/a> high-profile Bitcoin accumulation.<\/p>\n<p>Metaplanet, a publicly traded company listed on the Tokyo Stock Exchange, a diversified enterprise, revealed the Bitcoin buying initiative on <a href=\"https:\/\/x.com\/Metaplanet_JP\/status\/1777243921867014574\">X<\/a>. The company cited hedging risks from currency devaluation and inflation as motivations.<\/p>\n<p>The announcement said the purchase is an &#8220;initial commitment&#8221; and part of a broader embrace of Bitcoin&#8217;s potential. Partners like legendary hedge fund manager Mark Yusko, UTXO Management, and Sora Ventures support it.<\/p>\n<p>By adopting a Bitcoin treasury reserve similar to MicroStrategy, Metaplanet aims to benefit from Bitcoin&#8217;s upside while mitigating risks. MicroStrategy has pioneered the corporate Bitcoin treasury strategy, buying over $6 billion worth of BTC since 2020.<\/p>\n<p>Metaplanet&#8217;s stock price spiked 89.47% on Tuesday following the Bitcoin announcement. <\/p>\n<p>JUST IN: \ud83c\uddef\ud83c\uddf5 Japanese Public Company Metaplanet stock is up almost 90% after they announced the <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> Strategy.<\/p>\n<p>The <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Effect \ud83d\ude4c <a href=\"https:\/\/t.co\/ixbmo2ZlPJ\">pic.twitter.com\/ixbmo2ZlPJ<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1777617954458263943?ref_src=twsrc%5Etfw\">April 9, 2024<\/a><\/p>\n<p>Jason Fang of Sora Ventures called Metaplanet &#8220;<a href=\"https:\/\/x.com\/JasonSoraVC\/status\/1777300574939058202\">Asia&#8217;s first MicroStrategy<\/a>&#8221; for replicating its Bitcoin focus.<\/p>\n<p>The move also provides Japanese investors indirect Bitcoin exposure without high unrealized gains taxes, which can reach 55% in Japan. Metaplanet&#8217;s Bitcoin funds will be held in a tax-advantaged structure only accessible by the company.<\/p>\n<p>By buying Bitcoin, Metaplanet joins the growing list of public companies utilizing Bitcoin to maximize shareholder value. With MicroStrategy proving the model&#8217;s effectiveness, more institutional adoption is likely.<\/p>\n<p>For Metaplanet, Bitcoin offers opportunities beyond investment gains like accelerating its Bitcoin initiatives. <\/p>\n<p>The announcement is a bullish sign for Bitcoin&#8217;s traction in Asia. Metaplanet is giving investors a regulated path to gain BTC exposure. If successful, expect more public companies in the region to follow its template.<\/p>","protected":false},"excerpt":{"rendered":"<p>Japanese firm Metaplanet announced it is purchasing 1 billion yen (about $6.5 million) worth of Bitcoin as part of its corporate treasury strategy, a move that mimics\u00a0MicroStrategy&#8217;s high-profile Bitcoin accumulation. Metaplanet, a publicly traded company listed on the Tokyo Stock Exchange, a diversified enterprise, revealed the Bitcoin buying initiative on X. The company cited hedging [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24569","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/24569"}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=24569"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/24569\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=24569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=24569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=24569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}