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Metaplanet & Sora Ventures To Create “Asia’s First MicroStrategy”

Published 04/09/2024, 02:41 PM
Updated 04/09/2024, 02:45 PM
Metaplanet & Sora Ventures To Create “Asia’s First MicroStrategy”

  • Metaplanet allocates $6.56 million to BTC, leading digital asset adoption in Japan’s finance.
  • Multiple strategic partnerships with industry leaders facilitate Metaplanet’s transition into Bitcoin treasury assets.
  • The founder of Sora Ventures views Metaplanet as “Asia’s first MicroStrategy,” creating exposure to Bitcoin in Japan.

Metaplanet, a Tokyo Stock Exchange-listed company, announced its decision to embrace Bitcoin as a core treasury asset on April 8, 2024. This strategic move marks a milestone in the space of digital finance, marking a significant departure from traditional asset management practices.

In a statement released on social media platform X (formerly Twitter), Metaplanet revealed its allocation of ¥1 billion, which is approximately $6.56 million, to Bitcoin, signaling its strong endorsement of the leading digital asset.

Read more on Coin Edition

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