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Largest Japanese Bitcoin Domain Acquisition Confirmed by Metaplanet

Japanese cryptocurrency exchange Bitcoin.jp is transferred to new ownership after a decade, as confirmed by the country's equivalent to MicroStrategy.

Acquiring the Largest Bitcoin Domain in Japan Affirmed by Metaplanet
Acquiring the Largest Bitcoin Domain in Japan Affirmed by Metaplanet

Largest Japanese Bitcoin Domain Acquisition Confirmed by Metaplanet

In a move that signals its growing commitment to the digital asset space, Metaplanet has announced the acquisition of Bitcoin.jp, a prominent digital asset brand in Japan. This latest acquisition is part of Metaplanet's strategic expansion into the Bitcoin market, and it has already established subsidiaries in Japan and the United States.

Metaplanet's growing treasury now includes significant Bitcoin holdings, which currently stand at over 20,000 Bitcoins. At current Bitcoin prices, this equates to approximately $2.35 billion. The company aims to increase its Bitcoin holdings to 21,000 by 2026, but its ambitions do not stop there. Metaplanet aspires to acquire up to 100,000 BTC by 2026, using capital raised through international stock offerings totaling around 880 million USD.

Metaplanet's aggressive approach to Bitcoin purchasing makes it one of the most active corporate buyers in Asia. The company aims to use these assets to protect its reserves from yen depreciation, hedge inflation risks, and sustainably increase corporate value. By shifting assets into Bitcoin, Metaplanet hopes to isolate its reserves from yen volatility.

The current value of Metaplanet's Bitcoin holdings, like all digital assets, is subject to fluctuations in Bitcoin prices. However, this latest acquisition is significant for Metaplanet's growth in the Bitcoin market and its strengthened presence in the Japanese market.

Metaplanet's acquisition of Bitcoin.jp is a strategic move that reflects the company's confidence in the future of digital assets. As Metaplanet continues to expand its Bitcoin holdings, it is poised to play a significant role in the evolving digital asset landscape.

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