The Next Microstrategy? This Japanese Public Company Is Buying Bitcoin \ stacker news ~bitcoin

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The Next Microstrategy? This Japanese Public Company Is Buying Bitcoin bitcoinmagazine.com/business/the-next-microstrategy-japanese-public-company-is-buying-bitcoin

21 sats \ 10 comments \ @ch0k1 9 Apr 2024 bitcoin

Japanese firm Metaplanet announced it is purchasing 1 billion yen (about $6.5 million) worth of Bitcoin as part of its corporate treasury strategy, a move that mimics MicroStrategy's high-profile Bitcoin accumulation.

Metaplanet, a publicly traded company listed on the Tokyo Stock Exchange, a diversified enterprise, revealed the Bitcoin buying initiative on X. The company cited hedging risks from currency devaluation and inflation as motivations.

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0 sats \ 1 reply \ @StillStackinAfterAllTheseYears 9 Apr 2024

The subject line format here made me think of Clickhole's style of headlines: https://i.imgur.com/t697p4q.png

0 sats \ 0 replies \ @ch0k1 OP 10 Apr 2024

I'm not sure whether I get the correct messages here 😕

0 sats \ 7 replies \ @Satosora 9 Apr 2024

I saw this in an earlier post, they havent divulged how they are investing in bitcoin yet. Maybe through an etf?

0 sats \ 6 replies \ @ch0k1 OP 9 Apr 2024

The important thing is that we already have a second company from the other side of the world that's officially investing in Bitcoin!

The avalanche of them is coming soon!

10 sats \ 5 replies \ @Satosora 9 Apr 2024

I remember years and years back Saylor held a bitcoin convention to get all the companies on bitcoin. Only Musk took him up on it.

0 sats \ 4 replies \ @ch0k1 OP 10 Apr 2024

IMO, Musk was more than enough

0 sats \ 3 replies \ @Satosora 10 Apr 2024

yes, but then he sold it pretty quickly after because of the twitter thing.

0 sats \ 2 replies \ @ch0k1 OP 10 Apr 2024

Yeah isn't it why everyone of us invests in anything on the first place - to be able to take advantage of it in the right time