NEW: Japanese firm Metaplanet buys ¥1B ($6.5M) of #Bitcoin, mirroring MicroStrategy's strategy.
The company's shares jumped 90% following the announcement.
pull down to refresh
31 sats \ 0 replies \ @TheBTCManual 9 Apr
I wonder how many companies are going to try this to try and juice their stock price so they can dump equity during the bull market
reply
1 sat \ 0 replies \ @south_korea_ln 9 Apr
Supposed shitcoin company headed by bsv'er. See https://x.com/Pledditor/status/1777369771417170103
reply
0 sats \ 0 replies \ @nym 25 Apr
Are they still buying?
reply
0 sats \ 1 reply \ @Coinsreporter 9 Apr
It's better to stay away such institutions who claim to be Bitcoiners but they are in fact the traitors to decentralized dream.
reply
10 sats \ 0 replies \ @02162427dd 9 Apr
Somewhat reminiscent of The Long Island (Blockchain) Ice Tea company
reply
0 sats \ 0 replies \ @grayruby 9 Apr
I read something about this yesterday on twitter but I don't know much about this company. Any insights?
reply
0 sats \ 1 reply \ @Wumbo 9 Apr
https://markets.businessinsider.com/news/currencies/metaplanet-shares-soar-as-japanese-firm-mimics-microstrategy-on-bitcoin-buying-1033232679?op=1
I am not sure I fully understand the arraignment here. Did MetaPlanet sell equity to Sora Ventures, Morgan Creek Capital's Mark Yusko and others to raise the funds for the BTC purchase?
reply
10 sats \ 0 replies \ @IgnaciobTato OP 9 Apr
They added BTC in their Balance Sheet and the stocks rised as it listed in the Japanese Stock Exchange.
The way they added BTC in their Balance Sheet will be clarified. Like MS some information about their BTC management is not revealed due to security reasons.
Also official information:
reply
0 sats \ 0 replies \ @02bcd3eeb0 9 Apr freebie
Some shitcoin company buys <100 bitcoins. That's a rounding error, who cares? It's like people don't understand the difference between millions and billions.