Japanese Company Metaplanet Accumulates 2,391 BTC, Aims to Maximize Bitcoin Per Share Ratio ⋆ ZyCrypto

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Japanese company Metaplanet boosted its Bitcoin treasury, buying 156 BTC and now holding 2,391 BTC for about $200 million at roughly $80,000 per coin.

Metaplanet created a Bitcoin treasury strategy in April 2024, buying regular amounts of the cryptocurrency. The company aims to hold 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026. Last week, it bought 135 BTC. In December 2024, it made the Bitcoin treasury strategy an official business plan.

“Since adopting the Bitcoin Standard on April 8, 2024”, said Simon Gerovich, Metaplanet director, “Metaplanet has experienced exponential growth. The market has recognized Metaplanet as Tokyo’s preeminent Bitcoin company, and we are seizing this momentum to solidify our position as a global leader”.

“Our vision is to lead the Bitcoin renaissance in Japan and emerge as one of the largest corporate Bitcoin holders globally. This plan is our commitment to that future”.

Since launching in 2022, Metaplanet shares (MTPLF) have risen 530% from around $3 to $19. Over the past 12 months, the company has increased 1,800%, making it one of the most profitable companies on the Tokyo stock exchange. Further, Metaplanet is the 14th largest corporate Bitcoin holder in the world.

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In a letter to shareholders, Metaplanet explained that the Japanese Yen had been weak for a generation because of low interest rates, making it weak against other currencies. The first interest rate rise in 17 years occurred in March, from -0.1% to 0.1%. 

“The Company’s decision to incorporate Bitcoin into its treasury assets”, wrote Metaplanet, “is driven by a multifaceted understanding of its potential as a hedge against inflation, a tool for macroeconomic resilience, and a basis for long-term capital appreciation”.

“BTC Yield is the foundation of our strategy”, wrote Dylan LeClair, Metaplanet Director of Bitcoin Strategy, “and the ultimate measure of our success. We don’t measure performance in fiat currencies like the yen or the dollar-our benchmark is Bitcoin itself”.

“Our mission is to maximize Bitcoin per share for our shareholders. Bitcoin is not just an asset; it’s the exit strategy. We’re here to accumulate and lead, not sell”.

MicroStrategy, a pioneering company in acquiring a Bitcoin treasury, started buying the token in August 2020, buying an initial amount of around 20,000 BTC.

The publicly listed company was the first to be listed on a stock exchange and buy a large amount of Bitcoin. MicroStrategy’s CEO, Michael Saylor, continues to buy Bitcoin, totaling around 250,000 BTC.

Smaller companies worldwide are copying MicroStrategy’s Bitcoin treasury. Around 80 companies worldwide hold crypto in their corporate treasury.

Corporate interest in Bitcoin has risen lately due to the publicity of exchange traded funds (ETF).



Source: https://zycrypto.com/japanese-company-metaplanet-accumulates-2391-btc-aims-to-maximize-bitcoin-per-share-ratio/