Metaplanet Inc. (Tokyo: 3350) has announced a definitive agreement with Bitcoin Magazine to launch Bitcoin Magazine Japan, following a memorandum of understanding (MoU) signed on July 26, 2024. This new initiative aims to position Metaplanet as a key force driving Bitcoin adoption in Japan.
The official launch is set for the first quarter of 2025, with the company planning significant hires in content creation to support this rollout.
Let’s dive in deep to understand more.
Metaplanet is focused on building a top-tier team to make Bitcoin Magazine Japan the leading platform for Bitcoin education and community engagement in the country.
“Building a world-class team is key to ensuring Bitcoin Magazine Japan becomes the country’s leading platform for Bitcoin education and community engagement,”
Metaplanet’s Bitcoin strategy echoes that of MicroStrategy Inc. (NASDAQ: MSTR). The company recently announced the purchase of 124.11 additional Bitcoins, bringing its total holdings to approximately 1,142.287 BTC.
To support these purchases, Metaplanet has been issuing new shares and raising funds. Last week, the company announced plans to issue $11.3 million in bonds to acquire even more Bitcoin.
Since adopting its Bitcoin-focused strategy, Metaplanet’s stock has surged nearly tenfold. With Bitcoin prices expected to climb further in the coming months, the company’s stock could see additional growth, making it an attractive option for investors.
The launch of Bitcoin Magazine Japan reflects the growing acceptance of cryptocurrency in Japan. Over the years, the Japanese government has introduced clear regulations to encourage the adoption of digital assets.
For instance, Japan’s Financial Services Agency (FSA) recently proposed a new business category for companies managing stablecoins and virtual assets. This framework aims to reduce legal hurdles, allowing crypto businesses to operate more freely.
Metaplanet currently owns 1,142.287 Bitcoins as of the latest update.
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