.@Metaplanet_JP now owns more than 1000 BTC making it one of the largest corporate holders of Bitcoin in Asia https://t.co/31GSXgQ8rk
— Simon Gerovich (@gerovich) October 28, 2024
Daily Debrief Newsletter


$104,524.00
1.20%$2,518.35
1.07%$2.38
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0.01%$173.09
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1.13%$2,513.58
1.03%$104,475.00
1.36%$4.01
0.31%$16.99
1.48%$3,017.66
1.07%$24.83
1.16%$0.307711
0.63%$0.00001599
0.15%$0.205675
-3.05%$3.38
-0.16%$24.67
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1.03%$0.999902
0.00%$8.37
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46.70%$100.55
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1.02%$336.07
4.34%$2,687.50
1.21%$0.00001376
3.11%$4.87
0.65%$1.00
0.08%$104,517.00
1.19%$1.00
-0.01%$30.10
-0.16%$6.93
1.02%$454.86
0.97%$3.16
2.88%$5.89
1.82%$220.73
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0.21%$1.04
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3.24%$19.93
0.34%$1.00
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0.44%$0.799937
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3.47%$0.407788
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8.47%$0.00002208
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0.22%$1.001
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1.14%$0.99842
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7.36%$2,617.02
1.12%$11.32
0.96%$181.56
0.59%$0.904202
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0.61%$0.722094
2.60%$0.01968787
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0.02%$0.771321
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5.66%$1.11
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7.85%$653.91
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0.84%$0.999931
0.03%$223.68
0.54%$0.01916947
1.44%$3.12
3.89%$1.00
0.03%$0.895315
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1.02%$0.853537
1.06%$0.08354
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2.58%$3,318.19
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6.01%$2.44
0.50%$2,632.12
0.93%$13.96
2.13%$103,211.00
0.57%$3,317.39
-0.39%$23.56
0.77%$1.00
0.01%$0.249669
0.26%$0.733492
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0.35%$3.98
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3.92%$0.454457
1.10%$2,630.47
1.04%$0.669814
2.46%$0.368566
1.27%$0.186939
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0.61%$0.998252
0.05%$3.90
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0.02%$1.74
2.38%$0.01804625
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0.87%$0.01019635
-1.12%$0.495084
0.70%$0.00620714
-2.65%$0.181181
0.47%$19.64
1.08%$0.709979
0.20%$0.217671
6.61%$2,517.85
1.00%$111.00
0.00%$2,518.74
1.10%$2,678.69
0.88%$8.16
-0.64%$0.663959
1.04%$0.486211
-0.19%$104,517.00
1.28%$2,564.90
0.95%$4.26
-0.28%$0.518134
-1.51%$3.13
3.29%$0.20107
0.21%$0.998869
0.01%$1.00
0.00%$0.097788
1.38%$0.00002488
-0.02%$6.97
2.87%$0.00922704
1.00%$104,227.00
1.14%$0.104198
1.62%$101,349.00
1.17%$0.064871
-0.66%$0.0480992
0.84%$1.00
0.00%$0.702893
1.99%$0.00000118
-4.14%$2,517.95
1.02%$1.80
-2.93%$1.61
-2.92%$2,515.66
1.03%$48.17
1.16%$0.00000043
2.74%$1.61
-0.95%$1.41
6.28%$0.258051
-2.24%$0.434688
-7.31%$0.159936
-2.26%$1.71
-9.26%$1.096
0.00%$1.004
-0.07%$0.403791
21.44%$0.00582403
-4.11%$0.19969
7.37%$0.417757
-0.29%$104,464.00
2.17%$0.848293
-2.55%$0.00454479
0.69%$0.0000694
-0.31%$0.899902
3.89%$34.02
2.05%$0.00371517
-2.59%$0.01929612
0.95%$0.03738469
-0.94%$0.998822
0.01%$0.334352
-3.09%$2,660.29
0.79%$4.31
-0.37%$0.291581
4.68%$138.26
0.35%$0.356201
-3.11%$1.00
-0.01%$21.57
-0.26%$2,768.30
1.13%$3.03
1.24%$24.85
1.58%$0.740978
1.45%$2,742.93
1.11%$104,507.00
1.24%$0.23411
0.32%$0.557276
-1.45%$0.999204
-0.05%$0.03802981
3.23%$0.00000157
-2.91%$0.999024
-0.05%$2,518.62
1.07%$1.00
0.00%$2,713.30
0.98%$0.00351903
-0.96%$24.60
-2.89%$18.79
0.68%$1.099
-0.08%$0.750712
13.24%$24.79
1.29%$2,513.90
1.15%$0.27975
3.49%$0.877641
4.66%$0.00289897
-0.35%$0.589205
-0.31%$0.00
0.10%$0.288841
0.29%$0.01479049
2.74%$0.04108748
1.51%$1.00
0.01%$0.121543
0.04%$3.44
-0.20%Reading
Metaplanet’s total Bitcoin holdings surpassed 1,000 following its latest acquisition on Sunday as it continues to round out its October spending spree in the world’s largest crypto.
The Tokyo-based firm has picked up just over 156 BTC for approximately $10 million, bringing its total holdings to 1,108 ($69 million), it disclosed.
Dubbed "Asia's answer to MicroStrategy," Metaplanet is positioning itself as the “pioneer in the adoption of digital assets in Japan," which began holding Bitcoin on its balance sheet in April.
The announcement fueled an 8% rally in the company’s stock in the early Asian trading hours, with its share price trading at 1,139 JPY (US$7.41), according to Google Finance.
.@Metaplanet_JP now owns more than 1000 BTC making it one of the largest corporate holders of Bitcoin in Asia https://t.co/31GSXgQ8rk
— Simon Gerovich (@gerovich) October 28, 2024
Bitcoin also saw a slight 0.8% uptick, trading at a price of $67,645, according to CoinGecko data.
Japan’s publicly-listed early-stage investment firm Metaplanet is again following in the footsteps of Michael Saylor’s software company MicroStrategy, introducing a metric designed to assess how Bitcoin acquisitions affect shareholder returns. Previously dubbed "Asia's answer to MicroStrategy," Metaplanet said it would begin employing a metric pioneered by Saylor’s firm known as “BTC Yield,” according to a disclosure on Thursday. MicroStrategy, the world's largest corporate holder of Bitcoin, pi...
The publicly-listed firm’s milestone follows multiple purchases this month amounting to more than 600 BTC.
That began on October 1, when the company added 107 BTC for 1 billion yen ($6.6 million) at an average price of $61,932 per Bitcoin. That was followed on October 7 with a purchase of 108 BTC for around $6.7 million.
A further 108 BTC was then picked up on October 11 for $6.5 million, which was followed up by another 106 BTC three days later.
Metaplanet Inc., the Tokyo-listed firm known for its aggressive foray into Bitcoin (BTC), announced on Friday that it had acquired an additional 108.999 Bitcoin for ¥1 billion (US$6.5 million). Its latest purchase brings the company's total Bitcoin holdings to 748.502 BTC, reinforcing its long-term bet on the leading crypto. Yet, Metaplanet's Bitcoin acquisition strategy goes beyond simple spot purchases. The company employs a sophisticated approach by selling put options alongside its Bitcoin...
Last week, Metaplanet followed in the footsteps of Michael Saylor’s software company MicroStrategy, the world's largest corporate holder of Bitcoin, in adopting a metric known as “BTC Yield.”
BTC Yield seeks to provide a more transparent means of assessing whether Bitcoin purchases enhance shareholder value and found October was particularly bullish for the company.
While Metaplanet’s 1,018 BTC holdings still trail MicroStrategy’s 252,000 BTC, the Tokyo-listed company is steadily rising as a top contender globally in corporate Bitcoin adoption.
Edited by Sebastian Sinclair
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Bitcoin is coming to the drive-thru. American fast food chain Steak ‘n Shake said Thursday it will begin accepting the world’s largest crypto at all of its U.S. locations starting May 16, giving its more than 100 million customers the option to pay for milkshakes and burgers in BTC. “The movement is just beginning,” the company posted on X. Unlike high-margin retailers, fast food chains run on thin margins and high volume, making Steak ‘n Shake’s Bitcoin rollout a real-world stress test for the...