NEW: Japanese firm Metaplanet buys ¥1B ($6.5M) of #Bitcoin, mirroring MicroStrategy's strategy.
The company's shares jumped 90% following the announcement.
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NEW: Japanese firm Metaplanet buys ¥1B ($6.5M) of #Bitcoin, mirroring MicroStrategy's strategy.
The company's shares jumped 90% following the announcement.
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
Supposed shitcoin company headed by bsv'er. See https://x.com/Pledditor/status/1777369771417170103
Are they still buying?
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.
It's better to stay away such institutions who claim to be Bitcoiners but they are in fact the traitors to decentralized dream.
Somewhat reminiscent of The Long Island (Blockchain) Ice Tea company
I read something about this yesterday on twitter but I don't know much about this company. Any insights?
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?
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:
view on twitter.comview on twitter.com