Metaplanet Now Holds 0.01% Bitcoin Supply

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MetaPlanet, a Japanese company which has been buying Bitcoin as a core part of their business strategy, has acquired another 68.59 BTC, worth $6.65M, to bring their total Bitcoin holdings up to 2,100 BTC, securing themselves 0.01% of the maximum Bitcoin supply of 21M coins.

This strategy of accumulating Bitcoin on a corporate balance sheet is seen by some as a hedge against traditional financial market volatility and currency devaluation. By holding a portion of the finite supply, companies like MetaPlanet are making a long-term bet on the asset's future value and its role as a digital store of value.

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The firm which has been dubbed the Asian MicroStrategy, was founded in 1999, originally focused on hotel management. They later pivoted their business strategy to adopt the “Saylor Playbook”, diving into Bitcoin treasury management in early 2024. The pivot has reinvigorated the company, making it the top performing Japanese stock over the last 1 year with a return of 3,550%, even driving the company to initiate a 10:1 stock split to improve liquidity of its circulating shares.

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The "Saylor Playbook" reference points directly to the aggressive Bitcoin acquisition strategy popularized by MicroStrategy in the UnitedStates. This pivot is often viewed by the market as transforming the company into a proxy investment for Bitcoin itself, attracting significant investor interest and directly contributing to the dramatic stock performance.