{"id":14242,"date":"2024-06-11T13:46:00","date_gmt":"2024-06-11T10:46:00","guid":{"rendered":"https:\/\/forklog.com\/en\/metaplanet-of-japan-increases-bitcoin-reserves-to-141-btc\/"},"modified":"2024-06-11T13:46:00","modified_gmt":"2024-06-11T10:46:00","slug":"metaplanet-of-japan-increases-bitcoin-reserves-to-141-btc","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/metaplanet-of-japan-increases-bitcoin-reserves-to-141-btc\/","title":{"rendered":"Metaplanet of Japan Increases Bitcoin Reserves to 141 BTC"},"content":{"rendered":"<p>The publicly traded company Metaplanet <a href=\"https:\/\/contents.xj-storage.jp\/xcontents\/33500\/7a1b93bb\/ab2b\/4713\/abe9\/e2ce84dbdd8a\/140120240610525851.pdf\" title=\"\">announced<\/a> the purchase of 23.351 BTC ($1.58 million), raising its total Bitcoin holdings to 141.07 BTC ($9.54 million).<\/p>\n<p>The firm&#8217;s shares responded with a 9.88% increase.<\/p>\n<p>This latest Bitcoin acquisition follows previous transactions on April 23 and May 10.<\/p>\n<p>The average purchase price for 1 BTC was 10.27 million yen, or approximately $65,300.<\/p>\n<p>In April, Metaplanet <a href=\"https:\/\/forklog.com\/en\/news\/metaplanet-shares-soar-90-following-bitcoin-reserve-acquisition\">announced<\/a> the conversion of treasury funds into digital gold.<\/p>\n<p>At that time, the company explained to investors that the decision to convert capital into cryptocurrency was due to the persistent weakening of the yen as a result of negative interest rate policies. Despite its volatility and downturns, Bitcoin has shown consistent growth over the years. The firm expects digital gold to continue outperforming the Japanese currency.<\/p>\n<p>According to <a href=\"https:\/\/bitcointreasuries.net\/\">BitcoinTreasuries<\/a>, public organizations collectively hold nearly 1.5% of all available Bitcoin. In this regard, they lag behind ETF issuers (5.13%), governments (2.697%), and private companies (2.502%).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1057.webp\" alt=\"1-1057\" class=\"wp-image-234553\"\/><figcaption class=\"wp-element-caption\">Data: BitcoinTreasuries.<\/figcaption><\/figure>\n<p>Among public market participants, MicroStrategy leads with 214,400 BTC ($14.39 billion) on its balance sheet.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-809.webp\" alt=\"2-809\" class=\"wp-image-234555\"\/><figcaption class=\"wp-element-caption\">Data: BitcoinTreasuries.<\/figcaption><\/figure>\n<p>Michael Saylor&#8217;s company was the first publicly traded firm to begin converting reserves into Bitcoin in August 2020. Following a purchase of 9,245 BTC for $623 million in March 2024, its cryptocurrency holdings <a href=\"https:\/\/forklog.com\/en\/news\/microstrategys-bitcoin-holdings-surpass-1-of-cryptocurrencys-total-supply\">reached 214,246 BTC<\/a>\u2014over 1% of the total supply. The company last added <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-acquires-additional-122-btc\">an additional 122 BTC<\/a> to its balance in April 2024.<\/p>\n<p>At the end of March, MicroStrategy&#8217;s stock prices <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-shares-reach-24-year-high\">hit a 24-year high<\/a> amid the <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-surges-past-71000-amid-rising-investment-demand\">recovery of Bitcoin&#8217;s price<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;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, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1538,1156,135],"class_list":["post-14242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-purchase","tag-institutional-investors-and-whales","tag-japan"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14242"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14241"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}