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’s<\/a> high-profile Bitcoin accumulation.<\/p>\n

Metaplanet, a publicly traded company listed on the Tokyo Stock Exchange, a diversified enterprise, revealed the Bitcoin buying initiative on X<\/a>. The company cited hedging risks from currency devaluation and inflation as motivations.<\/p>\n

The announcement said the purchase is an “initial commitment” and part of a broader embrace of Bitcoin’s potential. Partners like legendary hedge fund manager Mark Yusko, UTXO Management, and Sora Ventures support it.<\/p>\n

By adopting a Bitcoin treasury reserve similar to MicroStrategy, Metaplanet aims to benefit from Bitcoin’s upside while mitigating risks. MicroStrategy has pioneered the corporate Bitcoin treasury strategy, buying over $6 billion worth of BTC since 2020.<\/p>\n

Metaplanet’s stock price spiked 89.47% on Tuesday following the Bitcoin announcement. <\/p>\n

JUST IN: \ud83c\uddef\ud83c\uddf5 Japanese Public Company Metaplanet stock is up almost 90% after they announced the $BTC<\/a> Strategy.<\/p>\n

The #Bitcoin<\/a> Effect \ud83d\ude4c pic.twitter.com\/ixbmo2ZlPJ<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) April 9, 2024<\/a><\/p>\n

Jason Fang of Sora Ventures called Metaplanet “Asia’s first MicroStrategy<\/a>” for replicating its Bitcoin focus.<\/p>\n

The move also provides Japanese investors indirect Bitcoin exposure without high unrealized gains taxes, which can reach 55% in Japan. Metaplanet’s Bitcoin funds will be held in a tax-advantaged structure only accessible by the company.<\/p>\n

By buying Bitcoin, Metaplanet joins the growing list of public companies utilizing Bitcoin to maximize shareholder value. With MicroStrategy proving the model’s effectiveness, more institutional adoption is likely.<\/p>\n

For Metaplanet, Bitcoin offers opportunities beyond investment gains like accelerating its Bitcoin initiatives. <\/p>\n

The announcement is a bullish sign for Bitcoin’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":"

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’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 […]<\/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","targetHints":{"allow":["GET"]}}],"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}]}}