Bittime - Metaplanet, a Japanese investment and consulting firm, follows in MicroStrategy's footsteps by adopting Bitcoin (BTC) as the company's "core reserve asset." This strategic move makes Metaplanet a pioneer in digital asset adoption in Japan.
Bought 1 billion JPY ($6.5 million USD) worth of Bitcoin
On Monday, Metaplanet announced the purchase of 1 billion JPY ($6.5 million USD) worth of Bitcoin (BTC) for its corporate treasury via a tweet on social media. The company emphasized the move as “embracing Bitcoin” and “pioneering a future where finance meets innovation at the core.”
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About Metaplanet
Metaplanet is listed on the Tokyo Stock Exchange and focuses on "building bridges" between Japan and global markets in the emerging Web2 and Web3 spaces. The company's services include consulting specifically aimed at Web3 strategy and blockchain integration. In addition, Metaplanet operates in the fields of investment, real estate, and "distribution business" to promote high-quality Japanese products internationally.
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Figures' Support and Predictions for Metaplanetary Efforts
Metaplanet's foray into Bitcoin has garnered support from luminaries such as Sora Ventures, UTXO Management, and Mark Yusko, co-founder of Morgan Creek Capital. Yusko, who is a Bitcoin supporter, predicts a $150,000 price target for the cryptocurrency in 2024.
Metaplanet vs MicroStrategy
Although Metaplanet's market capitalization (2.18 billion JPY) is still far from MicroStrategy's, this move shows the huge potential of Bitcoin (BTC) as a reserve and investment asset. MicroStrategy, a leader in enterprise adoption of Bitcoin, holds more than 1% of the total Bitcoin supply (214,245 BTC, worth $15.39 billion).
Conclusion
Competition among companies adopting Bitcoin (BTC) will become increasingly interesting in the future. Metaplanet, with its strategic move, shows that companies in Japan are ready to become leaders in digital asset adoption.
How to Buy BTC from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
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Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Har
Crypto assets are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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