"Asia Micro Strategy" launches BTC Japan magazine to boost the next wave of craze?

Source: Blockchain Knight

BTC rebounded after the US presidential election, with prices approaching $100,000, which has had many positive effects on companies related to Crypto assets.

Metaplanet is one of the beneficiaries, and its stock price also reflects the bullish sentiment of the market.

In addition to the ongoing BTC accumulation strategy, Metaplanet has also taken an important step: it has reached a cooperation with Bitcoin Magazine to jointly launch Bitcoin Magazine Japan.

This move can be traced back to the memorandum of understanding signed in July 2024, and Metaplanet is positioned as a "key player in promoting BTC applications in Japan."

Metaplanet CEO Simon Gerovich made the same comment on X: “As the world’s leading BTC media brand, we hope to drive BTC adoption, education, and innovation through our operations in Japan, benefiting millions of individuals and organizations across Japan.”

Metaplanet further emphasized the issue in a statement: “Through BTC Japan Magazine, Metaplanet hopes to become the authoritative voice of BTC in Japan.”

Metaplanet has now stepped up its BTC acquisition strategy, which mirrors the bold approach of Micro Strategy.

MicroStrategy recently increased its holdings by 124.11 BTC, bringing its total to approximately 1,142.287.

To fuel its accumulation efforts, Metaplanet strategically diluted its outstanding shares and announced plans to issue $11.3 million in bonds.

Since then, Metaplanet’s stock price has experienced a significant surge. Since adopting its BTC-centric strategy, its shares have surged nearly 10x.

Thus, with BTC prices expected to climb further in the coming months, Metaplanet’s stock seems well-positioned to benefit from this bullish momentum.

However, as of now, the company’s shares are down slightly, down 2.58%, according to Google Finance.

This minor setback, however, cannot overshadow the massive gains the company has made with its Crypto asset-focused strategy.

In a recent article, Bloomberg noted that “Japan’s hottest stock is a 139-year-old company, up 430% this year.”

Thus, Metaplanet, widely regarded as the “MicroStrategy of Asia,” has risen to prominence for its aggressive BTC strategy.

One user X used a very apt metaphor: “This company will follow in the footsteps of MicroStrategy and become Japan’s ‘Titan’ (a giant in ancient Greek mythology).”