Japan | ForkLog

ForkLog 12 13.08.2024

Metaplanet CEO Advocates Bitcoin Accumulation as Holdings Surpass 300 BTC

The Japanese public company Metaplanet announced the acquisition of an additional 57.1 BTC for 500 million yen (~$3.3 million). The company’s total bitcoin holdings have reached 303.095 BTC ($18 million). Last week, the firm secured a loan of 1 billion yen ($6.8 million) with an annual interest rate of 0.1%. Most of the funds were […]

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ForkLog 12 06.08.2024

Japanese Firm Metaplanet Allocates $59 Million for Bitcoin Acquisition

Metaplanet announced the allocation of 8.5 billion yen ($58.8 million) to bolster its bitcoin reserves. The public company will raise the necessary funds through an additional share issuance. The issuance will amount to 10 billion yen ($69.1 million). All shareholders will have the right to purchase securities starting September 5, with distribution commencing on September […]

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ForkLog 9 24.06.2024

Nomura Assesses Bitcoin Investment Among Japan’s Traditional Finance Sector

In Japan, 54% of institutional investors plan to allocate funds to cryptocurrencies within the next three years, according to a survey conducted by Laser Digital, a subsidiary of Nomura. Among these investors, 66% are prepared to allocate 2-5% of their available capital, with 76% pledging to act on these plans within a year. While 25% […]

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ForkLog 21 24.06.2024

Japanese Firm Metaplanet to Raise $6.3 Million for Bitcoin Acquisition

The publicly traded company Metaplanet announced its intention to issue unsecured bonds worth 1 billion yen ($6.26 million) to purchase digital gold. The interest rate on these securities will be 0.5%. The bond’s maturity and coupon payment period is set for one year. The market reacted positively to the company’s plans. Metaplanet’s shares rose by […]

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ForkLog 18 21.06.2024

bitFlyer Acquires FTX Japan

The Japanese cryptocurrency exchange bitFlyer has announced an agreement to acquire the local division of the collapsed platform FTX. 【FTX Japan 買収合意について】 bitFlyer Holdings は FTX Japan の株式100％を取得する株式譲渡契約を締結しました。米国破産裁判所の手続きを経て、bitFlyer Holdings の完全子会社となります。グループ間のシナジーを活かした新たなサービスを展開してまいります。https://t.co/qnaGy7u2Q3 pic.twitter.com/NI9w7YwFss — bitFlyer（ビットフライヤー） (@bitFlyer) June 20, 2024 “[FTX Japan] will become a subsidiary of bitFlyer Holdings after the completion of bankruptcy proceedings in the US,” […]

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ForkLog 12 11.06.2024

Metaplanet of Japan Increases Bitcoin Reserves to 141 BTC

The publicly traded company Metaplanet announced the purchase of 23.351 BTC ($1.58 million), raising its total Bitcoin holdings to 141.07 BTC ($9.54 million). The firm’s shares responded with a 9.88% increase. This latest Bitcoin acquisition follows previous transactions on April 23 and May 10. The average purchase price for 1 BTC was 10.27 million yen, […]

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ForkLog 21 05.06.2024

DMM Bitcoin to Raise $350 Million for Hack Victim Compensation

The Japanese cryptocurrency exchange DMM Bitcoin has unveiled plans to compensate users for losses incurred from the theft of 4502.9 BTC at the end of May. According to the statement, the platform intends to reimburse clients by purchasing an equivalent amount of bitcoin with financial backing from DMM Group companies. On June 3, the exchange […]

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ForkLog 10 24.05.2024

Iconic Dogecoin Shiba Inu Passes Away

On May 24, the Shiba Inu named Kabosu, known as the face of the meme and symbol of the cryptocurrency Dogecoin, passed away. The news was shared by the dog’s owner, Atsuko Sato. かぼちゃんは今朝、深い眠りにつきました?私に撫でられながら眠るようにそっと逝きました。かぼちゃんを愛して下さったみなさん、長い間ありがとうございました。https://t.co/aJyC8wECQP — かぼすママ (@kabosumama) May 24, 2024 The owner expressed deep gratitude for the love and support shown to Kabosu over the […]

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ForkLog 21 09.04.2024

Metaplanet Shares Soar 90% Following Bitcoin Reserve Acquisition

The shares of Japanese public company Metaplanet surged nearly 90% following the announcement of a new strategy involving the acquisition of bitcoins worth 1 billion yen (~$6.6 million) for its balance sheet. Today, we’re thrilled to announce a groundbreaking shift in our financial strategy, as we embrace Bitcoin as the core treasury asset of the […]

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ForkLog 11 19.03.2024

Japan’s $1.5 Trillion Pension Fund Explores Bitcoin Diversification

The Government Pension Investment Fund of Japan (GPIF), managing assets worth ~$1.5 trillion, is considering portfolio diversification options, including the first cryptocurrency. Breaking: Japan’s Government Pension Investment Fund, the world’s largest pension fund with $1.5 trillion under management, announced that it will seek information on business diversification, including Bitcoin, gold, forests and farmland. This announcement […]

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ForkLog 27 11.01.2024

Hong Kong Urged to Lead on Crypto-ETFs

Johnny Ng Kit-chong, a member of Hong Kong’s Legislative Council, emphasized the need for the jurisdiction to “take the initiative” in implementing spot crypto-ETFs. 美國證券交易委員會SEC在香港時間凌晨通過現貨比特幣ETF。此舉對虛擬資產市場是一個重要的舉動，也吸引更多傳統投資者和資金參與虛擬資產領域投資。經過這次SEC通過現貨比特幣ETF，我認為香港也要在虛擬資產領域敢於做「領頭羊」，通過創新政策來帶領整個行業發展。 1. 特區政府盡快推動現貨ETF的落實… pic.twitter.com/5b0fhHFQHh — Johnny Ng 吴杰庄 (@Johnny_nkc) January 11, 2024 “I hope that Hong Kong, amidst the rapid development and fierce competition in the virtual assets sector, can quickly […]

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ForkLog 8 25.12.2023

Japan to scrap tax on unrealised crypto profits

Japan's Cabinet approved a bill that would exempt companies from paying tax on unrealised profits from deals with digital assets.

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