Metaplanet, dubbed Asia’s MicroStrategy by the Tokyo Stock Exchange, has boosted their Bitcoin holdings after a recent 3.78 billion-yen ($26.3 million) acquisition amid increasing tensions surrounding U.S. Trade Tariffs.
The Company You can also read about the importance of this in our article It acquired 319 BTC for an average of 12,849 780 yen per coin ($82 549), bringing the total amount it holds to 4,525 BTC. Metaplanet intends to grow its Bitcoin portfolio by 470%. It aims for a total holding of 10,000 BTC at the end year.
Bitcoins are under pressure from geopolitical factors. Bitcoin Dropped After a series of contradictory messages from Washington regarding the direction that U.S. Trade Policy toward China will take, investors slid to $83,482 during Sunday’s Asia Trading Hours.
The traditional market remained resilient, despite Trump’s comments about new tariffs against Chinese electronics. Nasdaq 100 futures rose over 1% in early trading, while S&P 500 futures climbed 0.7%.
While smartphones, semiconductors and other products were excluded temporarily from a 10% proposed “reciprocal”, tariff, Trump made it clear on Truth Social late Sunday that these same items will still be subjected to a 20% separate national security levie.
Howard Lutnick, the Secretary of Commerce for Canada, said that further tariffs on specific sectors are to be expected in the next two months.
On Monday morning, at 1 a.m. Bitcoin, which was trading at $84,990 in the US, had only gained 0.4% during the previous 24 hours. CoinGecko. Over the same time period, Ether rose 1.8% up to $1 638. Top ten crypto currencies by market cap all showed slight gains, or even no changes.
Metaplanet is heavily relying on Bitcoin to be its primary treasury. The company has been announcing its plans to launch a cryptocurrency exchange. The following are the names of those who have been appointed. Eric Trump is the son of U.S. presidential candidate Donald Trump. The board cites his “business knowledge and passion for Bitcoin”.
Metaplanet positions itself as a follower of Michael Saylor’s Strategy. His aggressive Bitcoin acquisition strategy has inspired a growing list of publicly traded firms to copy his example.
Trump’s administration also launched two initiatives, one of which is a Strategic Bitcoin Reserve that will be funded from seized BTC. This asset will then become a permanent part of the national portfolio. Another initiative, the U.S. Digital Asset Stockpile includes confiscated cryptocurrency with the potential to be liquidated or used strategically.
Sebastian Sinclair edited the book
