#MetaplanetBTCPurchase The hashtag #MetaplanetBTCPurchase refers to recent events where Metaplanet Inc., a Japanese publicly listed company, purchased Bitcoin (BTC) as part of its treasury reserve strategyโa move similar to what MicroStrategy did in the U.S.
๐ง Key Highlights:
Who? Metaplanet Inc., listed on the Tokyo Stock Exchange.
What? Started acquiring Bitcoin for its corporate treasury.
Why? Citing BTC as a hedge against inflation, currency devaluation (especially the weak yen), and economic uncertainty.
Impact?
The companyโs stock price surged after the announcement.
Itโs seen as the first Japanese firm to adopt a Bitcoin-centric treasury strategy.
It may inspire other Asian firms to follow suit, especially with Japanโs ultra-loose monetary policy.
๐ Details:
Initial purchase: ~117 million yen worth of Bitcoin (around $750K USD at the time).
Declared plans to continue purchasing BTC periodically.
Announced publicly in alignment with a pro-Bitcoin stance.
๐ Why This Matters:
This move contributes to the institutional adoption narrative of Bitcoin and shows a global shift in corporate finance, especially in regions traditionally conservative about crypto assets.