Tag Archives: japan

Japan’s investment firm Metaplanet has increased its Bitcoin (BTC) holdings to over 1,000. This follows a recent purchase of 156.7 BTC for approximately 1.6 billion yen, or about $10.4 million. Metaplanet Shares Surge 7.18% Following Purchase The acquisition, announced on Monday in an X post, brings Metaplanet’s total Bitcoin reserves to 1,018 BTC, valued at an estimated $68.8 million. From July 1 to September 30, the firm also reported a BTC yield of 41.7%, which accelerated...

Yuichiro Tamaki, leader of Japan’s Democratic Party for the People (DPP), has proposed a crypto tax reform to support the growth of a token economy, including Web3 and NFTs if he wins the election. His plan would lower the taxation on crypto gains to a 20% separate declaration tax instead of treating them as miscellaneous income. Proposal for Lowering Crypto Taxes According to the campaign document, Tamaki suggested allowing losses to be carried forward for three years and...

Tokyo-listed Bitcoin holder Metaplanet has purchased an additional 108.786 Bitcoin for 1 billion yen, reflecting its ongoing bullish stance on the crypto asset. The latest stash is worth around $6.7 million. Metaplanet Expands Bitcoin Holdings According to the official statement released on Monday, Metaplanet – often referred to as Japan’s MicroStrategy – now holds 639.503 BTC, with a current market value of around $40.6 million. The firm disclosed that it acquired the...

Japanese crypto exchange bitFlyer announced that it has completed its acquisition of FTX Japan, making it a fully owned subsidiary. The deal, finalized on July 26, will have bitFlyer taking 100% ownership of FTX Japan’s outstanding shares. Crypto Custody Services In a Friday press release, bitFlyer detailed its plans to rebrand the newly acquired entity as “Custody New Company” by August 26, 2024. This new entity will focus on expanding bitFlyer’s crypto custody business,...

Japanese investment firm Metaplanet has been on an aggressive Bitcoin buying spree. Earlier this week, it announced adding 21.877 BTC to its stash, bringing its total holdings to 225.611 BTC. At the current price, the Tokyo-listed company now holds Bitcoins worth almost $14.8 million. This investment strategy appears to have paid off as Metaplanet experienced an incredible surge in its shares this year, with a major boost recorded in May after the company announced tapping...

Metaplanet, gelistet an der Tokioter Börse unter dem Ticker 3350, gab am 1. Juli bekannt, dass es einen zusätzlichen Bitcoin-Kauf getätigt hat. Nachdem das Unternehmen am 24. Juni Pläne bekannt gegeben hatte, BTC im Wert von 1 Milliarde Yen (6,2 Millionen Dollar) zu erwerben, hat Metaplanet den Kauf mit einer Investition von 200 Millionen Yen eingeleitet. Damit ist Metaplanet sozusagen Japan’s MicroStrategy. Metaplanet: Japans Vorreiter im Bitcoin-Investment Metaplanet, ein...

Japanese multinational conglomerate corporation Sony is gearing up to launch its cryptocurrency exchange. The company intends to make this possible by restarting another crypto trading platform acquired in August 2023. According to a press release, Amber Japan, the parent company of the Japanese crypto exchange WhaleFin, acquired by Sony last year, has changed its name to S.BLOX. The technology giant is preparing to kickstart its digital asset trading services soon. Sony to...

Metaplanet Inc., a Japanese investment firm, announced on Monday that its board of directors decided to purchase Bitcoin worth about $6.26 million (1 billion Yen) using capital raised through a round of bond issuance. This announcement caused a sharp spike of 12% in the price of Metaplanet’s stock, indicating community approvals of these purchases. More Bitcoin Buys for Metaplanet In a press statement released on June 24, the Tokyo Stock Exchange-listed Investment company...

Japanese cryptocurrency trading platform – DMM Bitcoin – fell victim to a hack resulting in a massive loss of Bitcoin worth around $305 million on May 31st. The exchange confirmed the attack and revealed that 4,502.9 bitcoins were drained from their systems. DMM Bitcoin has not provided additional details regarding the breach but stated that it is conducting an investigation and has implemented measures to avoid a recurrence of such an attack. DMM Bitcoin Hacked Following the...

Metaplanet, a firm in Japan known as “Japan’s MicroStrategy” on Crypto Twitter, has seen its shares surge 158% over the last week. Following this, trading stock came to a stop for two consecutive days. Meanwhile, the company is now in the lead among Japanese stocks as the highest gainer. Metaplanet’s Bitcoin Strategy Pays Off Metaplanet has gained attention due to its strategy, which has been likened to MicroStrategy’s. Notably, the latter is the largest Bitcoin corporate...