#MetaplanetBTCPurchase
Metaplanet Bitcoin Purchase Update
June 2024
Latest Acquisition
- Metaplanet (Tokyo Stock Exchange: 3350) has purchased an additional 42.47 BTC for ~$2.5 million
- Total Holdings: 203.734 BTC (~$12.5 million at current prices)
Strategic Shift
- Following MicroStrategy's model, Metaplanet adopted Bitcoin as its primary treasury reserve asset in April 2024
- Aims to hedge against Japan's high debt-to-GDP ratio (263%) and yen volatility
Market Impact
- Stock price surged 500% since initial BTC purchase announcement
- Japan's first public company to allocate treasury to Bitcoin
Next Steps
- Monthly $BTC purchases to continue via treasury surplus
- Potential shareholder dividend policy in BTC being considered
