Japanese Investment Firm Metaplanet Joins MicroStrategy's 'Bitcoin for Corporations” Initiative

Japanese investment firm Metaplanet announced Tuesday its decision to join a new Bitcoin initiative launched by MicroStrategy and the Bitcoin Magazine.

Japanese investment firm Metaplanet announced its membership in an initiative launched by MicroStrategy and Bitcoin Magazine to promote Bitcoin adoption among corporations.

The development comes after Metaplanet unveiled its own Bitcoin strategy, culminating in the acquisition of $6.2 million worth of the world’s largest crypto asset on July 22. The company funded the strategy using money raised through bond issuance in June.

Announced by Michael Saylor at the Bitcoin 2024 conference last weekend, the initiative aims to help business leaders implement corporate BTC strategies at a global scale. It includes various membership tiers, such as Executive Partner, Premier Member, and Industry Member, each with unique benefits.

While Metaplanet said that it had joined “Bitcoin for Corporations” as a founding member, the initiative’s website has listed the company as a Premier member, alongside institutional liquidity provider UTXO. Among the Executive partners are PublicSquare, with MicroStrategy and Bitcoin Magazine listed as the only founding members.

The investment firm also stated that it would disclose any financial impact resulting from its involvement in the initiative, as per the company’s reporting obligations. Metaplanet’s Bitcoin holdings stand at 244.992, bought for $15.67 million.

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