{"id":34627,"date":"2024-07-22T07:50:17","date_gmt":"2024-07-22T07:50:17","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/japanese-firm-metaplanet-buys-another-1-2-million-in-bitcoin\/"},"modified":"2024-07-22T07:50:17","modified_gmt":"2024-07-22T07:50:17","slug":"japanese-firm-metaplanet-buys-another-1-2-million-in-bitcoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/japanese-firm-metaplanet-buys-another-1-2-million-in-bitcoin\/","title":{"rendered":"Japanese Firm Metaplanet Buys Another $1.2 Million in Bitcoin"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Japanese investment firm Metaplanet has made another significant investment in <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a>, spending over $1.2 million to increase its holdings. The company continues to bolster its long-term strategy amidst Japan\u2019s ongoing economic challenges.<\/p>\n<p>In a recent X post, the Tokyo-listed investment adviser announced the acquisition of 20.38 BTC for \u00a5200 million (approximately $1.2 million). This purchase brings Metaplanet\u2019s total Bitcoin reserves to 245.992 BTC, valued at over $16.6 million at current market prices.<\/p>\n<p>Following this announcement, Metaplanet\u2019s shares on the Tokyo Stock Exchange saw a rapid increase of over 20%, reaching $1.1, according to Google Finance. This surge reflects investor confidence in Metaplanet\u2019s Bitcoin investment strategy.<\/p>\n<p>This purchase follows Metaplanet\u2019s recent <a href=\"https:\/\/igaming.org\/crypto\/metaplanet-to-issue-1-billion-yen-in-bonds-for-bitcoin-purchase\/\">allocation<\/a> of over $6.2 million for Bitcoin. This investment was made through the issuance of a second series of ordinary bonds via EVO FUND. These bonds feature an annual interest rate of 0.5% and are set to mature on June 25, 2025.<\/p>\n<p>Just a week prior, Metaplanet <a href=\"https:\/\/igaming.org\/crypto\/metaplanet-adds-1-2m-in-bitcoin-to-its-growing-investment-portfolio\/\">acquired<\/a> an additional 21.8 BTC. This move aligns with the firm\u2019s plan to safeguard its assets against Japan\u2019s economic issues, which include high government debt, prolonged negative real interest rates, and a weak yen.<\/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><strong>250% Extra + $125 Free Chip!<\/strong><\/strong> <\/p>\n<p>New players only. 250% on 1st Deposit + $125 Free Chip<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>By increasing its Bitcoin holdings, Metaplanet aims to protect itself from these economic pressures. The company\u2019s actions demonstrate a strong commitment to its long-term Bitcoin strategy, despite the current economic environment.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/japanese-firm-metaplanet-buys-another-1-2-million-in-bitcoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Japanese investment firm Metaplanet has made another significant investment in Bitcoin, spending over $1.2 million to increase its holdings. The company continues to bolster its long-term strategy amidst Japan\u2019s ongoing economic challenges. In a recent X post, the Tokyo-listed investment adviser announced the acquisition of 20.38 [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":34628,"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\/34627"}],"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\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=34627"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/34628"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=34627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=34627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=34627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}