Cathedra Bitcoin cools off mining to tap MicroStrategy playbook
Cathedra Bitcoin said Bitcoin mining simply hasn’t provided enough shareholder value on a Bitcoin basis over the last three years, which prompted a change in strategy. Go to Source
Metaplanet
Auto Added by WPeMatico
Metaplanet Grows Bitcoin Holdings With $2.2 Million Acquisition
Metaplanet, a publicly listed Japanese company, has significantly boosted its Bitcoin holdings with a recent acquisition of 38.6 bitcoin for $2.2 million (¥300 million). This purchase increases their total bitcoin assets to 398.8 BTC, valued at around $27.6 million (¥3.75 billion). The company’s strategy, similar to that of Microstrategy, involves using debt to acquire bitcoin … Read more
Japan’s Metaplanet up 6% as Bitcoin stack nears 400 BTC
Metaplanet’s stock has jumped 480% since it unveiled its Bitcoin strategy in April, but the firm is down 13% on its investment. Go to Source
SBI VC Trade and Metaplanet Team Up for Advanced Bitcoin Trading Solutions
Metaplanet and SBI VC Trade have formed a strategic partnership to enhance bitcoin trading, storage, and management. This alliance aligns with Metaplanet’s “bitcoin first, bitcoin only” strategy, emphasizing BTC’s scarcity and decentralized nature. The partnership provides Metaplanet access to SBI VC Trade’s tax-efficient corporate custody services and the ability to use bitcoin as collateral, supporting … Read more
Japanese Bitcoin investor Metaplanet works with Ripple’s partner SBI
SBI Group’s fully-owned crypto exchange, SBI VC Trade, will assist Metaplanet in its Bitcoin strategy by providing various support in trading, storage and operation. Go to Source
Metaplanet secures 1B yen loan to buy more Bitcoin
Just two days after revealing plans to raise $70 million via a stock rights offering, ‘Asia’s MicroStrategy’ has taken a $6.8 million loan from one of its shareholders to buy more Bitcoin. Go to Source
Metaplanet Announces $70 Million Stock Rights Offering to Further Boost Bitcoin Investments
Metaplanet, a Japanese firm, has announced a $70 million stock rights offering aimed at significantly boosting its Bitcoin investments. With $58.76 million of the raised funds earmarked for bitcoin, this strategic move is part of Metaplanet’s broader plan to expand its cryptocurrency holdings and hedge against currency depreciation. The company, which currently holds around 246 … Read more
Japanese firm Metaplanet to invest $58.76M in Bitcoin
Metaplanet Inc. allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japan’s market volatility. Go to Source
Metaplanet, Semler Scientific were ‘zombie companies’ until Bitcoin, execs say
Shares in Metaplanet and Semler Scientific are up double and triple digits since the firms followed MicroStrategy’s Bitcoin playbook this year. Go to Source
Tokyo Stock Exchange-Listed Metaplanet Completes 1 Billion Yen Bitcoin Purchase
Metaplanet Inc. announced on July 22 the purchase of an additional 200 million yen worth of bitcoin, amounting to 20.381 BTC. This latest acquisition completes the company’s 1 billion yen ($6.4 million) bitcoin purchase plan, which was initially disclosed on June 24. With this final purchase, Metaplanet’s total bitcoin holdings now stand at 245.992 BTC. … Read more
