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Japan’s Metaplanet has acquired an additional 150 bitcoin for approximately $12.6 million, raising its total holdings to 3,350 BTC. This purchase was made at an average price of $83,801 per bitcoin, bringing the company's total bitcoin investments to around $278.8 million, now valued at approximately $291.3 million. The acquisition follows the recent appointment of Eric Trump to the firm’s Strategic Board of Advisors.
Japan’s Metaplanet has appointed Eric Trump to its Strategic Board of Advisors as it seeks to increase its bitcoin reserves from 3,200 BTC to 10,000 BTC by the end of 2025. CEO Simon Gerovich announced the appointment on March 21, and Metaplanet's stock rose 1.3% to US$27.80 following the news. Eric Trump, also an ambassador for World Liberty Financial, is expected to assist in expanding the company's cryptocurrency holdings.
Fidelity's report suggests that by 2025, nations, central banks, and sovereign funds may increasingly allocate Bitcoin as a strategic investment, driven by the success of countries like Bhutan and El Salvador. The anticipated approval of spot Bitcoin ETPs in 2024 is expected to enhance institutional acceptance, with the U.S. potentially leading this shift under a supportive administration. However, uncertainties in government policy and competing legislative priorities could pose challenges to this trend.
US entities now hold 65% more Bitcoin than non-US counterparts, marking a record high in global reserves. This surge follows increased institutional demand, with notable players like MicroStrategy and new entrants like Thumzup Media Corporation investing heavily in Bitcoin.The trend is prompting global interest, as countries like Japan consider building strategic Bitcoin reserves, potentially inspired by US initiatives. Czech National Bank's governor has also proposed Bitcoin acquisition for diversification, joining a growing list of nations exploring crypto as a reserve asset.
Metaplanet aims to increase its Bitcoin holdings to 10,000 BTC this year, building on its current 1,762 BTC valued at $173.4 million. CEO Simon Gerovich announced this ambitious target amid favorable market conditions, with analysts predicting Bitcoin could reach $200k. The company also plans to enhance transparency, foster partnerships for Bitcoin adoption, and explore innovative opportunities in the blockchain space.
Metaplanet Inc. plans to boost its Bitcoin holdings by 470% in 2025, targeting 10,000 BTC as part of its aggressive accumulation strategy. Currently holding 1,761.98 BTC valued at approximately $173.6 million, the Tokyo-based firm aims to leverage capital market tools for future purchases, following a record-breaking year of acquisitions. CEO Simon Gerovich emphasizes a focus on execution to enhance shareholder value amid rising Bitcoin price predictions.
Metaplanet plans to increase its Bitcoin holdings to 10,000 BTC by 2025, leveraging various capital market tools. The Japan-based venture capital firm currently holds 1,762 BTC and aims to enhance Bitcoin adoption in Japan and globally, anticipating a potential Bitcoin price surge to $200,000. CEO Simon Gerovich highlighted the influence of U.S. policy on global Bitcoin adoption, suggesting that a strategic reserve by the U.S. could lead other countries, including Japan, to follow suit.
Metaplanet has expanded its Bitcoin holdings by acquiring 619.70 BTC for 9.5 billion yen ($60.7 million), bringing its total to 1,761.98 BTC valued at $169.2 million. Despite a slight dip in stock value, the firm reported a remarkable 309.82% yield in its Bitcoin strategy and anticipates a 240% revenue increase for 2024. CEO Simon Gerovich highlighted December 26 as the final date for investors to qualify for the company's Shareholder Benefits Program, which includes a Bitcoin lottery for shareholders.
Metaplanet Inc. is set to issue ¥5 billion ($31.9 million) in ordinary bonds to expedite its Bitcoin acquisitions, moving purchases originally planned for 2025 to 2024. The bonds, carrying no interest and redeemable at face value, will be allocated to EVO FUND and are scheduled for issuance on December 20, 2024, maturing on June 16, 2025. The company has recently raised a total of ¥9.5 billion ($60.6 million) through bond issuances, further solidifying its Bitcoin-centered strategy, which includes a new treasury operations division focused on managing cryptocurrency investments.
Metaplanet, a Japanese Bitcoin-focused investment firm, will begin trading on the US OTCQX Market under the ticker MTPLF on December 19, following a remarkable 2,200% stock growth this year. CEO Simon Gerovich emphasized the importance of this expansion for attracting global investors and enhancing confidence in the company's innovative Bitcoin Treasury Strategy. The firm plans to bolster its Bitcoin holdings while hedging against currency fluctuations and diversifying revenue through various financial instruments.
Simon Gerovich
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