Metaplanets strategic bet on Bitcoin

In a bold move that mirrors US titan MicroStrategy, Metaplanet, a publicly traded Japanese company specializing in Web3 and metaverse ventures, has announced a significant investment in Bitcoin (BTC). The company has acquired 1 billion yen (about $6.5 million) worth of BTC, positioning it as a core asset in its treasury. This decision marks Metaplanet as a pioneer in the Japanese market, embracing digital assets to hedge its coffers.

How Metaplanet Jumped Into Bitcoin Investing

The strategic choice to acquire BTC has already paid off Metaplanet, with the share price seeing an impressive 89% increase following the announcement. The company’s move was supported by industry heavyweights such as Sora Ventures, UTXO Management, and notable figures such as Mark Yusko, founder of Morgan Creek Capital, and Jack Liu, one of the founders of Ordiswap.

Jason Fang, the founder of Sora companies, touted Metaplanet as “Asia’s first MicroStrategy,” highlighting the company’s potential to provide Japanese investors with exposure to Bitcoin without the burden of regulatory risks. Metaplanet’s adoption of BTC is seen as a major milestone, with the company expected to strengthen its position as a leader in digital asset adoption in Japan.

The trend of using Bitcoin as treasury bills gained ground MicroStrategy, a Fortune 500 company led by Michael Saylor. The US-based company started its Bitcoin journey in August 2020, purchasing BTC when it was trading around $10,000. Over the next four years, MicroStrategy collected a whopping 214,246 BTC, with an average purchase price of $33,706.00 per BTC, for a total investment of $6.91 billion. The current market value of MicroStrategy’s BTC shares is over $15 billion, yielding a gain of over 100%.

Today we are pleased to announce a groundbreaking change in our financial strategy, embracing Bitcoin as the company’s core treasury asset by initially committing JPY 1 billion. This strategic pivot is not only about embracing digital assets, but also about… pic.twitter.com/OASxj9IBPG

— Metaplanet Inc. (@Metaplanet_JP) April 8, 2024

Even during the 2022 bear market, when MicroStrategy’s BTC investments were underwater, Saylor remained steadfast and chose to buy more rather than sell. His belief in Bitcoin as a government bond hedging asset has not only benefited his business, but has also inspired other publicly traded companies to follow suit. Saylor’s influence notably extended to Tesla CEO Elon Musk, who, reportedly persuaded by Saylor, decided to invest $1.5 billion in BTC in January 2021.

Unlocking Dogeverse’s Potential: The Chain-Hopping Meme Coin Revolution

In the vibrant world of crypto, Dogeverse has emerged as a fascinating new competitor, distinguished by its unique chain-hopping feature. This innovative meme coin, represented by Cosmo the shiba inu, is not just another addition to the crypto zoo. With its presence in six different blockchain networks including Ethereum, BNB Chain, Polygon, Base, Solana and Avalanche,Doggers offers an unprecedented level of interoperability and accessibility.

Dogeverse’s journey from a simple meme coin to a potential powerhouse in the crypto space is powered by its multi-chain functionality. This approach not only broadens the appeal to different user preferences, but also serves as a unifying force in the often fragmented blockchain ecosystem. Whether users are attracted to the low transaction fees on Solana, Ethereum’s established reputation, or the curiosity to explore the emerging Base chain, Dogeverse is ready to welcome them with open arms.

One of the most compelling aspects of Dogeverse is its ability to foster community among diverse blockchain users. By using cross-chain bridges such as Wormhole and PortalBridge, it aims to reduce the rivalry that sometimes arises between different blockchain communities. This, coupled with the tantalizing lore surrounding Cosmo, has the potential to elevate Dogeverse above the achievements of its meme coin predecessors, such as Dogecoin.

At the heart of Dogeverse’s appeal is the vibrant lore and legendary adventures of Cosmo, with users of each blockchain invited to contribute their own stories to its mythology. This not only enriches the backstory of the project, but also increases its charm and appeal, potentially making Dogeverse a mythical figure in the crypto world.

Dogeverse’s presale is structured in ten phases, with the price of tokens increasing incrementally from $0.0000290 in the initial phase to $0.000299 in the final phase. With a total supply of 200 billion tokens, 30 billion have been allocated for the presale, targeting a soft cap of $8.83 million and a hard cap of $17.002 million. Impressively, Dogeverse has already raised over $300,000 on the first day of pre-sales, indicating strong market enthusiasm.

For those intrigued by Dogeverse’s promise and its new approach to blockchain interoperability, pre-sale participation is available at thedogeverse.com. The project not only promises immediate benefits through its versatile usability across chains, but also holds the potential for long-term growth as it attempts to bridge the gaps within the blockchain community.

Visit Dogeverse

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