Japanese Trailblazer Metaplanet Invests in Bitcoin as Treasury Asset

Metaplanet, a Japanese Web3 and metaverse firm, has invested 1 billion yen (US$6.5 million) in Bitcoin (BTC), following the footsteps of MicroStrategy. The move has been met with positive market response, with Metaplanet's stock price surging 89%. Industry leaders, including Sora Ventures, UTXO Management, and Mark Yusko of Morgan Creek Capital, have lauded Metaplanet's decision, highlighting its potential as a pioneer in Japanese digital asset adoption.

Metaplanet Embraces Bitcoin as Treasury Asset, Bolstering Position as Japanese Digital Asset Pioneer

In a bold move mirroring the investment strategy of American tech giant MicroStrategy, publicly traded Japanese firm Metaplanet has announced a significant investment in Bitcoin (BTC). The acquisition of 1 billion yen (approximately $6.5 million) worth of BTC positions the cryptocurrency as a core asset in Metaplanet's treasury, marking the company as a forerunner in Japan's digital asset adoption.

Metaplanet's strategic investment in BTC has already yielded positive results, with its stock price witnessing an impressive 89% surge following the announcement. The move has been endorsed by industry heavyweights such as Sora Ventures, UTXO Management, and notable figures like Mark Yusko, founder of Morgan Creek Capital, and Jack Liu, a founding member of Ordiswap.

Jason Fang, the founder of Sora Ventures, hailed Metaplanet as "Asia's first MicroStrategy," highlighting the firm's potential to offer Japanese investors exposure to Bitcoin without the burden of regulatory risk. Metaplanet's adoption of BTC is seen as a significant milestone, with the firm anticipating it will bolster its position as a frontrunner in digital asset adoption in Japan.

The trend of using Bitcoin as a treasury asset gained traction with MicroStrategy, a Fortune 500 company led by Michael Saylor. The U.S.-based firm began its Bitcoin journey in August 2020, purchasing BTC when it was trading around the $10,000 mark. Over the ensuing four years, MicroStrategy amassed a staggering 214,246 BTC, with an average purchase price of $33,706.00 per BTC, amounting to a total investment of $6.91 billion. The current market value of MicroStrategy's BTC holdings exceeds $15 billion, yielding a profit of over 100%.

Even during the 2022 bear market, when MicroStrategy's BTC investments were underwater, Saylor remained steadfast, opting to buy more rather than sell. His conviction in Bitcoin as a treasury-hedging asset has not only benefited his company but also inspired other publicly listed companies to follow suit. Notably, Saylor's influence extended to Tesla CEO Elon Musk, who, reportedly persuaded by Saylor, decided to invest $1.5 billion in BTC in January 2021.

Dogeverse: The Chain-Hopping Meme Coin Revolution

In the vibrant world of crypto, Dogeverse has emerged as a fascinating new contender, distinguishing itself through its unique chain-hopping feature. This innovative meme coin, represented by Cosmo the shiba inu, isn't just another addition to the crypto zoo. With its presence across six different blockchain networks—including Ethereum, BNB Chain, Polygon, Base, Solana, and Avalanche—Dogeverse offers an unparalleled level of interoperability and accessibility.

Dogeverse's journey from a simple meme coin to a potential powerhouse in the crypto space is driven by its multi-chain functionality. This approach not only broadens its appeal across various user preferences but also serves as a unifying force in the often fragmented blockchain ecosystem. Whether users are drawn to the low transaction costs on Solana, the established reputation of Ethereum, or the curiosity to explore the emerging Base chain, Dogeverse stands 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 leveraging cross-chain bridges like Wormhole and PortalBridge, it aims to mitigate the rivalries that sometimes arise between different blockchain communities. This, coupled with the enticing lore surrounding Cosmo, has the potential to elevate Dogeverse beyond the achievements of its meme coin predecessors, such as Dogecoin.

At the heart of Dogeverse's appeal is its vibrant lore and the legendary adventures of Cosmo, inviting users from each blockchain to contribute their own tales to its mythology. This not only enriches the project's backstory but also enhances its charm and appeal, possibly setting the stage for Dogeverse to become a mythical figure in the crypto world.

The presale of Dogeverse is structured into ten stages, with the price of tokens incrementally rising from $0.0000290 in the initial phase to $0.000299 in the final stage. With a total supply of 200 billion tokens, 30 billion are allocated for the presale, aiming for a soft cap of $8.83 million and a hard cap of $17.002 million. Impressively, Dogeverse has already garnered over $300k on its first day of presale, signaling strong market enthusiasm.

For those intrigued by the promise of Dogeverse and its novel approach to blockchain interoperability, participation in the presale is available at thedogeverse.com. The project not only promises immediate benefits through its versatile usability across different chains but also holds the potential for long-term growth as it endeavors to bridge the divides within the blockchain community.