#MetaplanetBTCPurchase Metaplanet, a Japanese company, has recently gained attention for its significant Bitcoin purchases as part of its treasury strategy. Here’s a summary of the key details:

### **Metaplanet’s Bitcoin Purchases (2024)**

- **June 2024**:

- Purchased **23.35 BTC** for **¥200 million** (~$1.6 million USD).

- Total holdings: **141.07 BTC** (~$9.4 million USD at the time).

- Bitcoin is now a **core treasury asset** for the company.

- **Earlier Purchases (April-May 2024)**:

- Initially acquired **117.72 BTC** (~$7.7 million USD).

- Funded via a **¥1 billion** (~$6.5 million) bond issuance.

### **Why Is Metaplanet Buying Bitcoin?**

- **Hedge Against Japan’s Economic Weakness**:

- The Japanese yen has been depreciating due to ultra-loose monetary policies.

- Bitcoin serves as an alternative to holding cash or bonds.

- **Following MicroStrategy’s Strategy**:

- Similar to how MicroStrategy (MSTR) adopted Bitcoin as a treasury reserve asset.

- **Tax Advantages**:

- Japan has no capital gains tax on Bitcoin, making it attractive for corporate holdings.

### **Market Reaction**

- Metaplanet’s stock (**Tokyo Stock Exchange: 3350**) surged after Bitcoin purchases.

- Seen as a **Bitcoin proxy play** in Asia, similar to MicroStrategy in the U.S.

### **Future Plans**

- May continue accumulating Bitcoin as part of its long-term treasury strategy.

Would you like more details on their financials or comparisons with other Bitcoin-holding companies?