As a seasoned analyst with years of experience in the volatile world of cryptocurrencies, I find the strategic move by Tokyo-based Metaplanet to accumulate over 1,000 Bitcoins quite intriguing. Given my past encounters with market trends and their unpredictable nature, I can’t help but admire the confidence shown by Metaplanet in backing Bitcoin as a long-term investment.
Tokyo-based early-stage investment firm Metaplanet now holds more than 1,000 Bitcoins.
As per CEO Simon Gerovich, this positions them as among the top Asian corporations with significant amounts of the dominant cryptocurrency.
Recently, the company announced yet another purchase of 156.78 BTC.
This month, the company introduced a new metric similar to MicroStrategy’s, called “Bitcoin Yield.” This tool allows us to demonstrate how Bitcoin acquisitions affect shareholders’ profits.
Additionally, it’s worth noting that MicroStrategy has been quite active on the stock market lately, outpacing some of the well-known giants like Amazon, which are often referred to as the “Magnificent 7.
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2024-10-28 08:43