News
Japanese investment firm Metaplanet now holds 6,796 Bitcoin, currently worth more than $700 million.
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Japan News
Located in East Asia, Japan is a top 20 country in the world in terms of population. Japan has the third-largest economy by nominal gross domestic product and the fourth-largest economy by purchasing power parity. Tokyo is the country’s capital. Bitcoin in Japan has a notable following, as does cryptocurrency and blockchain as a whole.
The country’s regulators have deemed Bitcoin an approved money type. Japan hosts a number of crypto exchanges, and the country has regulatory requirements around the industry, creating a scene more favorable for compliant crypto-asset entities. Bitcoin’s anonymous creator, Satoshi Nakamoto, is thought to be from Japan, although little is confirmed about Nakamoto’s identity.
- News
Metaplanet only just spent $53.4 million acquiring 555 Bitcoin at an average price of $96,134 on May 7, bringing its total stash to 5,555.
4382 - News
Metaplanet has reached the 5,555 BTC milestone with the latest $53 million purchase, the total valued at over $536 million at current prices.
4868 - Investigation
A North Korean crypto spy revealed more than he should have in a dummy interview set up as part of a sting operation.
6714 - News
Metaplanet announced it will launch a US-based subsidiary to expand its Bitcoin accumulation strategy, aiming to raise up to $250 million and tap into US institutional investors.
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Metaplanet is now the world’s 10th-largest corporate Bitcoin holder and wants to acquire 21,000 BTC by 2026.
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The Japanese company has become one of the world’s largest corporate Bitcoin holders following a series of major acquisitions this year.
6451 - Analysis
Stablecoins in the US and Japan are seeing growing adoption, while other projects struggle to stay listed in the EU over compliance issues.
1951 - News
According to RWA.XYZ, the total stablecoin market cap is currently over $227 billion, with over 155 million holders worldwide.
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The investment is part of the firm’s plans to acquire 21,000 BTC by 2026 and lead Japan’s national Bitcoin adoption efforts.
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Metaplanet issued 2 billion yen ($13.3 million) in zero-interest bonds to capitalize on Bitcoin’s recent price dip and increase its BTC holdings.
7761 - News
Japan’s Financial Services Agency says it hasn't decided on if it will change financial laws after a local report claimed it would look to classify cryptocurrencies as financial products.
6489 - News
LY Corporation denied reports that its Line Next blockchain venture had established a business partnership with Sony’s Ethereum layer 2.
6963 - News
Circle announced that its USDC stablecoin will launch on Japan’s SBI VC Trade crypto exchange on March 26.
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Metaplanet has issued around 44 million common shares to fund its BTC purchases, a strategy that has attracted investor interest.
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