Japanese investment firm Metaplanet recently announced the acquisition of 108.78 Bitcoin, valued at 1 billion yen ($6.7 million). This purchase brings the firm’s total Bitcoin holdings to an impressive 639.5 BTC, worth approximately 5.96 billion yen ($40 million).
Mirroring MicroStrategy’s Bitcoin Strategy
Metaplanet has been aggressively increasing its Bitcoin investments, adopting a treasury strategy similar to MicroStrategy’s, led by Michael Saylor. Known as “Asia’s MicroStrategy,” the company aims to counter Japan’s economic challenges, including negative interest rates and quantitative easing, by holding Bitcoin as a long-term asset. This approach has been well-received, with Metaplanet’s stock surging in response to its Bitcoin-focused strategy.
$1.4 Million Bitcoin Premium Gain
Last week, as the crypto market entered the fourth quarter on a high note, Metaplanet made a comparable Bitcoin purchase. The firm also announced it had earned $1.4 million in premium income by selling 223 Bitcoin put options to Singapore’s QCP Capital, allowing them to capitalize on Bitcoin’s volatility while maintaining a fully cash-backed position.
Strategic Partnerships & Future Plans
Metaplanet has recently partnered with SBI VC Trade, a subsidiary of SBI Group, to enhance its corporate custody services for digital assets like Bitcoin, focusing on compliance and tax efficiency. Additionally, the firm is raising capital through stock acquisition rights, with plans to invest further in Bitcoin or other digital assets.
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