{"id":32996,"date":"2024-06-25T08:19:07","date_gmt":"2024-06-25T08:19:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/japans-metaplanet-prepares-for-6-million-bitcoin-acquisition\/"},"modified":"2024-06-25T08:19:07","modified_gmt":"2024-06-25T08:19:07","slug":"japans-metaplanet-prepares-for-6-million-bitcoin-acquisition","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/japans-metaplanet-prepares-for-6-million-bitcoin-acquisition\/","title":{"rendered":"Japan\u2019s Metaplanet Prepares for $6 Million Bitcoin Acquisition"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Japan-based investment advisor Metaplanet plans to boost its <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> (BTC) holdings by another $6 million. This move aligns with the firm\u2019s long-term strategy of increasing its Bitcoin reserves.<\/p>\n<p>Metaplanet announced its Board of Directors\u2019 resolution to purchase Bitcoin worth 1 billion yen ($6 million). The firm stated, <em>\u201cMetaplanet Inc. (3350) hereby announces that the Board of Directors has resolved to purchase Bitcoin worth 1 billion yen as of today\u2019s meeting.\u201d<\/em> They clarified that while Bitcoin is primarily for long-term holding, any Bitcoin used for operations will be recorded as current assets.<\/p>\n<p>The funding for this purchase comes from an upcoming bond issuance with an annual interest rate of 0.5%, maturing on June 25, 2025. Following this announcement, Metaplanet\u2019s stock prices surged by 12% during Tokyo trading hours, according to Yahoo Finance.<\/p>\n<h2>Strategic Shift to Bitcoin<\/h2>\n<p>Metaplanet began buying Bitcoin in April to reduce its yen exposure and provide Japanese investors with access to crypto assets under a preferential tax structure. In May, the company officially adopted BTC as a reserve asset and continued its purchases, acquiring another $1.6 million worth in June. Currently, Metaplanet holds 141 BTC, making it Japan\u2019s largest corporate Bitcoin holder, as reported by Bitcointreasuries.<\/p>\n<p>Metaplanet\u2019s significant investment reflects its confidence in Bitcoin as a strategic reserve asset, positioning the company as a leader in Japan\u2019s corporate cryptocurrency holdings.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>177% up to 5BTC + 77 <strong> Free Spins<\/strong>!<\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/japans-metaplanet-prepares-for-6-million-bitcoin-acquisition\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Japan-based investment advisor Metaplanet plans to boost its Bitcoin (BTC) holdings by another $6 million. This move aligns with the firm\u2019s long-term strategy of increasing its Bitcoin reserves. Metaplanet announced its Board of Directors\u2019 resolution to purchase Bitcoin worth 1 billion yen ($6 million). The firm [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":28598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32996"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=32996"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28598"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=32996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=32996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=32996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}