Metaplanet Inc. Pioneers Bitcoin Investment in Corporate Treasury
Metaplanet Inc., a Japanese listed company, has made waves in the financial world. The firm, with a market capitalization of over 2 billion Yen, announced plans to introduce bitcoin as a key asset in its balance sheet. This strategic move is supported by prominent partners and investors, including KindlyMD's subsidiary Nakamoto Holdings Inc.
Metaplanet Inc., involved in diverse sectors such as hotel development, Web3, and finance, aims to pioneer a future where innovation meets finance. The company, despite reporting a loss of 683 million Yen in the fiscal year 2023 on revenue of 261 million Yen, has total capital of over 1 billion Yen, enabling its planned bitcoin investment.
The company's transition to bitcoin is backed by notable supporters. @sora_ventures, @UTXOmgmt, @MarkYusko, @liujackc, and @bataraeto have all shown their confidence in Metaplanet's decision. The initial investment is set at around 6.5 million USD, approximately 1 billion Japanese Yen.
Metaplanet Inc., with the support of KindlyMD's Nakamoto Holdings Inc. and other prominent investors, is set to invest in bitcoin. This move, despite the company's recent losses, signals a commitment to exploring the potential of cryptocurrency in corporate treasuries. The success of this strategy will be closely watched by the financial community.
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