Japanese firm Metaplanet leads the charge in a new trend: corporations holding Bitcoin as treasury reserves. Is this the future of finance, or just a fad?
The intersection of Japan, Bitcoin, and corporate treasuries is heating up, and Tokyo-based Metaplanet is leading the charge. Let's dive into this intriguing trend.
Metaplanet's Bitcoin Buying Spree
Metaplanet has been aggressively accumulating Bitcoin, adding 518 BTC on August 12 for roughly $61.4 million, purchased at $118,519 per coin. This brings their total holdings to a whopping 18,113 BTC, acquired at an average price of $101,911. That's a serious stack of digital gold!
Following the Saylor Playbook
Metaplanet isn't alone in this strategy. They're following in the footsteps of companies like MicroStrategy (now Strategy), led by Bitcoin evangelist Michael Saylor. These companies view Bitcoin as a hedge against inflation and a long-term store of value. Even Trump's orbit is getting in on the action, with World Liberty Financial using ALT5 Sigma to raise capital for a WLFI token treasury strategy.
David Bailey and Nakamoto's Bold Moves
David Bailey, CEO of Nakamoto, is also making waves. He planned a $762 million Bitcoin purchase. Bailey, who also co-founded Bitcoin Magazine and advised Trump on crypto policy, is determined to make Nakamoto a
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