A renowned investment company in Japan, Metaplanet, has remained relentless in its Bitcoin holdings expansion despite unfavorable market conditions. In its most recent procurement sprees, the Japanese investment firm added 108.78 Bitcoin worth $6.7M (1 billion yen) to its portfolio. Consequently, the total assets in the investment platform custody have spiked considerably to about 639.5 BTC, underscoring a consistent investment strategy.
*Metaplanet purchases additional 108.78 $BTC* pic.twitter.com/Pz2AHupm1T
— Metaplanet Inc. (@Metaplanet_JP) October 7, 2024
Metaplanet is Mirroring MicroStrategy BTC Investment Style
Over the past two weeks, Metaplanet has amassed over 200 Bitcoin, underscoring a trading strategy that mirrors MicroStrategy’s robust accumulations. For context, MicroStrategy is a business intelligence platform globally recognized for its intensive Bitcoin investments. In one of our old publications, we reported that the business intelligence firm purchased 7,420 Bitcoin (BTC) worth approximately $458.2 million. As of then, MicroStrategy Bitcoin stores have increased significantly with about 252,220 tokens.
Having adopted MicroStrategy’s strategy, Metaplanet has recorded growth in several aspects. Notedly, the Japanese investment company’s stock market adventures surged considerably, ensuring potential profit accumulation on investments. It has also played a significant role in quantitative easing, offsetting Japan’s unfavorable interest rates, and addressing other economic challenges by diversifying its holdings with Bitcoin.
Metaplanet Positions Firm For Future BTC Procurements
In other findings, Metaplanet has leveraged stock acquisition rights to participate in active fundraising and embark on projects that will return monetary value to the company. Notedly, the realized capital will fund Bitcoin and other digital asset investments.
Meanwhile, in a recent announcement, the Japanese investment firm unveiled a new synergy with SBI VC Trade. The collaboration aims to enhance the management of acquired cryptocurrencies like Bitcoin and ensure effective tax and regulatory compliance standards.
Amid the recent procurements, Bitcoin’s price has remained relatively stable, with a 1.3% upswing in the past 24 hours. The flagship crypto is changing hands at approximately $63,200, boasting about $1.25 trillion in market capitalization. BTC’s 24-hour trading volume is up by 131.62%, with a $32.8 billion valuation.
