Bitcoin strategy propels Metaplanet to market heights

Metaplanet — Japan-based investment firm following MicroStrategy’s Bitcoin path. The firm has seen its shares skyrocket by 158% over the last week, positioning it as the top-performing stock among all Japanese listed companies

⚡️ Metaplanet's performance highlights:
- Current share price: 93 Japanese yen
- 127% rise in share price in the last 2 days led to trading halts under Tokyo Stock Exchange rules
- Approaching a $1 billion market cap

⏺ Mirroring the approach of MicroStrategy, Metaplanet aims to employ a comprehensive suite of capital market instruments to enhance its Bitcoin reserves. This move is designed to hedge against Japan’s economic pressures:
high government debt levels, prolonged periods of negative real interest rates, and rapidly weakening yen.

⏺ Since April 8, the firm's Bitcoin strategy has led to the acquisition of 117.7 BTC, now valued at $7.2 million, causing a 389% increase in its stock price.

By the end of February of the current year, 93.4% of all 21 million bitcoins had been mined.

1️⃣The main holders of bitcoins are individuals, investors, and cryptocurrency enthusiasts, accounting for 57% of the total.

2️⃣It is also worth mentioning lost assets, which make up 17.6%, including forgotten wallets, lost hard drives, and flash drives.

3️⃣Satoshi Nakamoto, the creator of Bitcoin, holds a significant amount - 5.2% of bitcoins. His wallet contains more cryptocurrency than any corporation or government - 3.6% and 2.7% respectively.

4️⃣The remaining percentages are distributed as follows: miners hold 3.4%, bitcoin ETFs - 3.9%, and there are also bitcoins yet to be mined, making up only 6.6%. However, this percentage will gradually decrease and by the year 2140 will approach zero.

🖇We look forward to changes in the shares of bitcoins held by corporations and governments. This will open up new opportunities for the use of cryptocurrency in everyday financial transactions.

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