{"id":16067,"date":"2024-08-13T18:01:27","date_gmt":"2024-08-13T15:01:27","guid":{"rendered":"https:\/\/forklog.com\/en\/metaplanet-ceo-advocates-bitcoin-accumulation-as-holdings-surpass-300-btc\/"},"modified":"2024-08-13T18:01:27","modified_gmt":"2024-08-13T15:01:27","slug":"metaplanet-ceo-advocates-bitcoin-accumulation-as-holdings-surpass-300-btc","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/metaplanet-ceo-advocates-bitcoin-accumulation-as-holdings-surpass-300-btc\/","title":{"rendered":"Metaplanet CEO Advocates Bitcoin Accumulation as Holdings Surpass 300 BTC"},"content":{"rendered":"<p>The Japanese public company Metaplanet <a href=\"https:\/\/contents.xj-storage.jp\/xcontents\/33500\/02202d0f\/7ad6\/47b4\/9d12\/0703c1c37d14\/140120240812570515.pdf\">announced<\/a> the acquisition of an additional 57.1 BTC for 500 million yen (~$3.3 million). The company&#8217;s total bitcoin holdings have reached 303.095 BTC ($18 million).<\/p>\n<p>Last week, the firm <a href=\"https:\/\/contents.xj-storage.jp\/xcontents\/33500\/99f22150\/5bcd\/46f3\/8e76\/976427558921\/140120240807565865.pdf\">secured<\/a> a loan of 1 billion yen ($6.8 million) with an annual interest rate of 0.1%. Most of the funds were intended for the purchase of the leading cryptocurrency.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Always be stacking <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/Metaplanet_JP?ref_src=twsrc%5Etfw\">@Metaplanet_JP<\/a> <a href=\"https:\/\/t.co\/c34goVoLa8\">pic.twitter.com\/c34goVoLa8<\/a><\/p>\n<p>\u2014 Simon Gerovich (@gerovich) <a href=\"https:\/\/twitter.com\/gerovich\/status\/1823201085160587402?ref_src=twsrc%5Etfw\">August 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAlways accumulate bitcoin,\u201d commented Metaplanet CEO Simon Gerovich.\u00a0<\/p>\n<\/blockquote>\n<p>The company&#8217;s shares fell by 5.8% in the latest trading session.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXddZYED_A8GpTlh082iHlPcLvnfNfL45dos06CLlPpwzwDxuJk9xaz8AG0F-bdqyrvH8NUOo-iQPvkhYgsRmAyb5fzoFY8BavqQmvMRsEEMgrPJ-0yKG9iwTq4gYNO1T0HsflkgURmWHtvMyIg2DsrNcsV2?key=kC_eGXn_mdgoQVTtdnCZdA\" alt=\"CEO Metaplanet \u043f\u0440\u0438\u0437\u0432\u0430\u043b \u043a\u043e\u043f\u0438\u0442\u044c \u0431\u0438\u0442\u043a\u043e\u0438\u043d. \u0411\u0430\u043b\u0430\u043d\u0441 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438 \u043f\u0440\u0435\u0432\u044b\u0441\u0438\u043b 300 BTC\"\/><figcaption class=\"wp-element-caption\">Metaplanet stock chart. Data: <a href=\"https:\/\/finance.yahoo.com\/quote\/3350.T\/?guccounter=1&#038;guce_referrer=aHR0cHM6Ly9mb3JrbG9nLmNvbS8&#038;guce_referrer_sig=AQAAAGPL1Gnzhf4H_duI7skqiB_gved4y2L8vZuBfvPWiqPgtyvh0vm8O0Z_HvU68K6LHaw91GQHTIWwlOG3SQHlbiocfcuUOjwyNivC7sAtrkiymhOdEVi4ey4WSD8Mw3Vi1LD3QTtE-4t3qG3My_hUvCk1RzwOWOFXzXh_A88cFvT5\">Yahoo Finance<\/a>.<\/figcaption><\/figure>\n<p>In April, Metaplanet<a href=\"https:\/\/forklog.com\/en\/news\/metaplanet-shares-soar-90-following-bitcoin-reserve-acquisition\"> announced<\/a> the transfer of treasury funds into digital gold.\u00a0<\/p>\n<p>At that time, the company explained in a letter to investors its decision to convert capital into cryptocurrency due to the persistent weakening of the yen as a result of negative interest rate policies. Despite its volatility and downturns, bitcoin has steadily increased over the years. The firm expects digital gold to continue outperforming the Japanese currency.<\/p>\n<p>Back in June, Metaplanet planned to raise 1 billion yen ($6.26 million) for the purpose of acquiring bitcoin.\u00a0<\/p>\n<p>In the same month, it increased its reserves of the leading cryptocurrency to 141 BTC by purchasing an additional 23 BTC for approximately $1.58 million.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Japanese public company Metaplanet announced the acquisition of an additional 57.1 BTC for 500 million yen (~$3.3 million). The company&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16066,"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-16067","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":"16","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16067","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=16067"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16066"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}