Metaplanet Inc., a rapidly expanding Tokyo-based company operating within the Bitcoin ecosystem, has attracted a significant investor. The mid-sized Japanese corporation, worth approximately 126.75 billion yen, disclosed that Capital Group, a private fund manager boasting over $2.7 trillion in assets under management (AUM), has acquired a 5% stake in the company’s valuation.
After a brief encounter with Michael Saylor, the co-founder at MicroStrategy Inc (NASDAQ: MSTR), Simon Gerovich, CEO at Metaplanet, publicly announced an increase in support for his company. It’s worth mentioning that Capital Group, a significant investor at MicroStrategy, has now become the third-largest shareholder in Metaplanet.
Gerovich expressed gratitude for Capital Group’s backing, as they work towards fostering innovation and shaping the financial landscape of tomorrow.
Since adding Bitcoin to their financial records, Metaplanet has been investigating various global investment avenues aimed at enhancing its Bitcoin reserves. Earlier this year, they declared their goal to accumulate 10,000 Bitcoins by the year 2025.
At the current moment, Metaplanet owned approximately 1,762 Bitcoins, accounting for 20.45% of its total market value. This significant percentage contributed to Metaplanet’s stock market performing exceptionally well in 2024, yielding a return on investment almost twenty times the initial amount. In the last three months alone, Metaplanet’s stock market price skyrocketed by more than 270%, closing at around ¥3,560 during the mid-London trading session on Friday, January 10.
What Metaplanet’s New Investor Mean for Bitcoin and Web3 Industry
Metaplanet has played a pivotal role in backing the Bitcoin community by making purchases and disseminating knowledge to the public. Consequently, the flourishing of Metaplanet’s Bitcoin approach has led to a thriving Web3 industry.
Beyond this, Bitcoin boasts a total value of over $6.5 billion and approximately 742,000 daily users holding it. Moreover, when compared to other cryptocurrencies in the last two years, Bitcoin’s price has significantly outperformed the altcoin market.
Worldwide control and oversight of Bitcoin and the crypto market, primarily driven by the U.S. and European markets, is expected to draw in more institutional investors like Metaplanet due to increased trust and regulatory certainty.
Based on current trends, it’s reasonable to expect that the value of Bitcoin will likely increase in the upcoming years, potentially surpassing Gold’s current market cap of approximately $18 trillion. At present, Bitcoin stands as a $2 trillion digital asset, heavily backed by institutional investors and soon to be influenced by US spot Bitcoin ETFs, with nation-states also showing interest.
As major financial institutions start investing in Bitcoin, it could positively influence altcoin projects that have promising future expansion and practical applications. However, according to Ki Young Ju, the founder and CEO of CryptoQuant, only a select few altcoins with robust use cases and compelling stories will thrive in the long run.
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2025-01-10 16:06