\n

On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n

Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n

On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n

Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

A Bitcoin-Focused Strategy<\/h2>\n\n\n\n

The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n

On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n

Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

A Bitcoin-Focused Strategy<\/h2>\n\n\n\n

The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n

On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n

Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

A Bitcoin-Focused Strategy<\/h2>\n\n\n\n

The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n

On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n

Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n

\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

A Bitcoin-Focused Strategy<\/h2>\n\n\n\n

The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n

On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n

Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n

The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n

\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

A Bitcoin-Focused Strategy<\/h2>\n\n\n\n

The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n

On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n

Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n

The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n

The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n

\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

A Bitcoin-Focused Strategy<\/h2>\n\n\n\n

The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n

On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n

Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  • The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n

    Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n

    The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n

    The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n

    \u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n

    See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

    A Bitcoin-Focused Strategy<\/h2>\n\n\n\n

    The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n

    On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n

    Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • The Bitcoins total 117.7, with a value of $7.19 million.<\/li>\n\n\n\n
  • The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n

    Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n

    The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n

    The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n

    \u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n

    See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

    A Bitcoin-Focused Strategy<\/h2>\n\n\n\n

    The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n

    On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n

    Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
      \n
    • The Bitcoins total 117.7, with a value of $7.19 million.<\/li>\n\n\n\n
    • The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n

      Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n

      The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n

      The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n

      \u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n

      See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

      A Bitcoin-Focused Strategy<\/h2>\n\n\n\n

      The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n

      On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n

      Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

      Most Read

      Subscribe To Our Newsletter

      By subscribing, you agree with our privacy and terms.

      Follow The Distributed

      ADVERTISEMENT

      Maetaplanet

      Most Read

      Subscribe To Our Newsletter

      By subscribing, you agree with our privacy and terms.

      Follow The Distributed

      ADVERTISEMENT