Metaplanet Acquires 124 BTC after MicroStrategy’s $4B Buyup

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As a seasoned crypto investor with over a decade of experience in this dynamic market, I find the recent moves by Metaplanet and MicroStrategy to be nothing short of inspiring. Having witnessed the rise and fall of countless cryptocurrencies, I can confidently say that these corporate giants are setting a new trend in strategic investment.

Metaplanet, Asia’s largest corporate Bitcoin holder, has just bought an additional 124 Bitcoins worth approximately $11.3 million. This move follows closely on the heels of MicroStrategy Inc’s announcement that it had purchased 51,780 Bitcoins. The cost of Metaplanet’s latest purchase was about 1.75 billion Japanese Yen.

1) In terms of current value, one Bitcoin (BTC) averages approximately 14,099,600 Japanese yen. However, the average cost at which Metaplanet acquired their Bitcoins is around 9,955,874 yen per BTC.

Metaplanet Bitcoin Bet Paying Off

Through their recent acquisition, the Japanese corporation now controls around 1,150 Bitcoin. At its current trading price of $92,007.70, this gives the company’s Bitcoin holdings a value exceeding $105 million. Moreover, Metaplanet’s share price has experienced an approximate rise of 15% today. It surged to 2,300 JPY following its prolonged stay at the significant resistance level of 2,000 JPY.

Currently, the surge in Metaplanet’s stock price presents a chance for it to climb even higher, potentially reaching 3,000 JPY. This would represent approximately a 30% growth in its value. Notably, the company’s Bitcoin Yield has experienced a significant rise of 186.9% during the current quarter (QTD).

*Metaplanet purchases additional 124.11 $BTC*

— Metaplanet Inc. (@Metaplanet_JP) November 19, 2024

On Monday, Metaplanet signaled its intent to increase its Bitcoin holdings through a debt sale. This debt sale includes issuing one-year ordinary bonds worth approximately 1.75 billion yen, which is equivalent to around $11.3 million. The company intends to offer an annual interest rate of 0.36% for these proposed bonds.

Based on the information about its latest Bitcoin purchase, the Japanese company successfully completed the debt sale.

MicroStrategy’s Bitcoin Playbook Produces Snowball Effects

1) Over time, MicroStrategy has repeatedly purchased MSTR stocks to augment its Bitcoin investments. This year, Bitcoin holdings within its portfolio have seen an astounding 400% surge. Similarly, Metaplanet has followed this strategy, which has yielded profits thus far. Notably, the company recently reported that its Bitcoin assets have generated over $28 million in profit.

With a substantial enhancement in the company’s financial statement, its shareholders are experiencing considerable profits. Dylan Leclair, the strategic advisor on Bitcoin acquisitions at Metaplanet, has recognized a fundamental change in corporate tactics, likening Bitcoin to the modern equivalent of a stock buyback for Wall Street.

“Wall Street has been put on notice,” LeClair stated.

Notably, MicroStrategy’s public sharing of its Bitcoin investment strategy has sparked a chain reaction among corporate entities. Semler Scientific and Marathon Digital are among those continuing an aggressive Bitcoin buying spree. Moreover, Microsoft Corporation (NASDAQ: MSFT) is preparing for a vote in December by its stakeholders regarding the potential addition of Bitcoin to its financial holdings.

In the interim, I, as an analyst, suggest that the suggested action is not supported by the board’s recommendation. The final decision, however, lies with the shareholders, who will ultimately decide the course our company takes next.

It’s quite possible that Bitcoin could experience additional growth and potentially hit the predicted mark of $100,000 by the end of the year. Its current price point, market capitalization, and trading activity create a favorable environment for such a price movement.

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2024-11-19 14:57