'Asia's MicroStrategy' Metaplanet Tops up Bitcoin Portfolio in Latest Purchase

CoinMarketCap05-10

Cover image via U.Today Metaplanet Inc, a Japanese publicly traded firm that hopes to recreate the legacies of MicroStrategy in Asia has acquired another tranche of Bitcoin (BTC). In an announcement...

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In an announcement...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/663deeefd871513dafa0adee/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/663deeefd871513dafa0adee/","article_id":"2434383575","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/ea2ac4839f52431f9b05fd56d79263cf.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2434383575","pubTimestamp":1715334892,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Cover image via U.Today Metaplanet Inc, a Japanese publicly traded firm that hopes to recreate the legacies of MicroStrategy in Asia has acquired another tranche of Bitcoin (BTC). 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This Bitcoin bag is worth 1.2 billion yen or $7,708,020.\n\n*Metaplanet purchases additional 19.87 $BTC* pic.twitter.com/RripKe9mEU— Metaplanet Inc. (@Metaplanet_JP) May 10, 2024\n\nWhen Metaplanet started acquiring Bitcoin back in April, it triggered a sentiment in the Asia’s investment landscape. This sentiment was ignited in the United States back in August 2020 when MicroStrategy made its first Bitcoin purchase. Today, MicroStrategy is the second-largest corporate holder of Bitcoin after BlackRock Inc.\nUnder the leadership of its Chairman Michael Saylor, MicroStrategy stacks Bitcoin regularly. Its last buyup came in March when it acquired 12,000 BTC for $821.7 million. At the moment, the firm now holds a total of 214,246 tokens valued at around $14 billion. As U.Today reported earlier, MicroStrategy’s unrealized gain on its Bitcoin bet now comes in at $6.2 billion.\nMicroStrategy’s aggressive approach involves selling Convertible Senior Notes with the proceeds injected into the asset. Thus far, the move has paid off, and it remains unclear how long Metaplanet plans to sustain its strategy.\nSince Metaplanet joined the Bitcoin bandwagon, the price of BTC has generally slumped amid erratic selloffs. However, with new mainstream firms reporting Bitcoin bets, bullish optimism has largely returned to the market. At the time of writing, the coin is seeing mild recovery, up 3.14% in 24 hours to $62,907.50. 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