Yesterday, the Japanese company metaplanet Declare Another purchase 162 btc With 2.008 billion yen (13.5 million dollars)
162 BTC was purchased at an average price of 12,393,669 yen, equivalent to about $ 8,3300.
The company now claims that it has 3,050 Bitcoin in its wallet, purchased at an average price of 12,607,094 yen (84,800 dollars) by investing a total of 38.452 billion yen (about 260 million dollars).
Metaplanet and Bitcoin (BTC) strategy
metaplanet It is a Japanese company listed on the stock exchange since 2005.
Even Bitcoin’s birth in 2009, his price did nothing but decline, and although in 2013 he recorded a promising recovery, its direction in the stock market remained very difficult until 2023.
Although it is still far from the heights, including the peak of 2013, in 2024 there was a turning point, specifically due to the start of the bitcoin purchase campaign.
Metaplanet started buying BTC in April last year, when he already bought nearly 100 at the price $ 70,000.
At that time, the price of its shares in the stock market was just more than 200 yen.
By mid -2014, it had already exceeded 200 btcAnd the price of his shares jumped over 1000 yen.
The largest part of the bitcoin purchases of metaplanet occurred in three consecutive stages, one in October, when it bought more than 600One in December, when another bought 600One in February, it is still ongoing, as it bought more than 1200.
Thus, starting from October 2024, The stock market price for Metaplanet shares It started to rise.
In November, it exceeded 2000 yen, and in December it reached 4000.
The maximum peak of this period was 7210 yen on February 13, before it was strong, and brought to 3630 current.
The current price 1700 % higher More than last year, although it is significantly lower than the height of 67,000 yen that was reached in 2013.
However, before that peak, the price of the Metaplanet shares was about 4,500 yen, and when that speculative bubble turned, it decreased less than 3000.
Therefore, thanks to its BTC purchases, Metapanet managed at least to recover in the stock market for the year 2014, after the 2013 bubble explosion.
Instead, from 2016 to 2023, there was a continuous decrease that led the price to about 4000 yen to less than 200.
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Metaplanet is technically a Japanese hotel company, which in theory has nothing to do with the encryption sector.
However, given the collapse of the stock market in the past ten years, it has decided to become a company mainly based on its Bitcoin’s own investments.
It is sufficient to say that on its official website, metaplanet.jp, it describes itself as “the first and only company of the Bitcoin Ministry listed on the stock exchange in Japan.”
Now on their official website, there is no longer any trace of the hotel’s activity.
This transformation, which occurred last year, has resulted at the present time, and it is an attempt to repeat in Japan the experience of the strategic (former Microstrategy).
Nevertheless, his Bitcoin’s investments are currently in a loss, as it was manufactured at a cost of $ 84,800 on average while Bitcoin’s market value is currently about $ 82,000.
However, as it applies to the strategy, it is not an investment with a short -term horizon or with speculative intentions, and therefore financial markets are primarily interested in horizons and long -term opportunities.
In fact, when the bitcoin price began in the second half of February, the price of the Metaplanet shares decreased from 6000 to 5000 yen, then it collapsed less than 4000 yen at the end of the month, but it has always been much higher than 2500 November. In fact, 3500 yen is exactly the level that fluctuates the price for more than a month between December and January.
