Virtual Currency Information Bureau News: Metaplanet purchases additional Bitcoin worth 172 billion yen! Keep an eye on Japanese companies' Bitcoin strategies! #Metaplanet #Bitcoin #VirtualCurrency
Video explanation
Japanese company buys huge amount of Bitcoin again! John gives a detailed explanation for beginners!
Hello everyone! I'm John, your fellow blockchain guy.
Recently, you may have heard the word "Bitcoin" a lot in the news, but many of you may be wondering, "What exactly is it?" or "It seems kind of complicated..."
Today, I'll be explaining some surprising news about Bitcoin, which could be considered the representative of blockchain technology (a new system for securely managing information together), in an easy-to-understand way that anyone can understand!
What is Bitcoin? An explanation for beginners!
First, let's briefly review Bitcoin, the main topic of today's news.
Bitcoin in a nutshell"Digital money that can be used on the Internet"It's like
However, it has some characteristics that are a little different from the yen and dollar that we normally use.
- Not controlled by any particular country or bank：Bitcoin does not have a central bank (a place that manages a country's money) like the Bank of Japan. It is managed by a computer network around the world.
- There is a limit to the number of copies that can be issued: Just like gold, there is a limit to how much can be mined, which is why it's sometimes called "digital gold."
- High transparency: Records of who traded how much Bitcoin (however, personal information such as names will not be revealed) are made public using a technology called blockchain (a system that links transaction records like a chain and allows them to be shared and monitored by everyone), making it very difficult to cheat.
It feels like money of the future!
What kind of company is Metaplanet?
Next, I would like to introduce MetaPlanet, the company that purchased a large amount of Bitcoin in this news.
Metaplanet is listed on the Japanese stock exchange.Public companies (those whose shares anyone can buy).
Originally a company involved in hotel management and investment businesses, it has recently been attracting attention for actively purchasing Bitcoin as a company asset.
There is a company in the United States called MicroStrategy that is famous for holding a large amount of Bitcoin, and Metaplanet is sometimes called the "Japanese MicroStrategy" because of its proactive stance.
Shocking news! Metaplanet buys an additional 172 billion yen worth of Bitcoin!
Now, finally, the main news!
This Metaplanet company,Purchased new Bitcoin worth approximately 172 billion yenIt was announced that they have done so! This is a really big amount!
Let’s take a closer look…
- The amount of Bitcoin purchased：1,111 BTC (BTC is the unit of Bitcoin. For example, it is used as "1 BTC")
- Purchase price per Bitcoin: Approximately 1,550 million yen
- This purchase total：A total of about 172 billion yen! (1,111 BTC x 1,550 million yen = about 172 million yen)
- Metaplanet's total Bitcoin holdings：With this purchase, the total 11,111 BTC It's a number that's easy to remember because it's just a bunch of 1s lined up!
It is very impactful news that a Japanese company is purchasing Bitcoin on such a large scale.
The original English article states that this indicates "accelerating adoption by institutional investors."
This means that large organizations such as "institutional investors" (professional investment organizations that manage large sums of money, such as companies and pension funds) are beginning to pay more attention to Bitcoin.
Why are businesses turning to Bitcoin?
Some of you may be wondering, "But why would a company buy Bitcoin?"
There are several possible reasons why a company might hold Bitcoin as a corporate asset.
- As a store of value: As I mentioned earlier about "digital gold," some companies believe that Bitcoin is an asset that is unlikely to lose value like gold. In particular, some people expect it to be a way to prepare for "inflation" (when the price of things rises and the value of money falls) when there is too much money in circulation in the world and the value of money itself falls.
- Investing in new asset classes: Bitcoin is a new type of asset (digital asset) that is different from traditional financial products such as stocks and bonds. More and more companies are adding it to their portfolios (a combination of various types of assets held by a company) in the hope that its value may increase significantly in the future.
- Potential as a future payment method: Although it is not yet common, perhaps they are anticipating that Bitcoin will become more widely used for payments (paying for things) in the future.
- Appealing to the company's innovativenessBy actively getting involved in new technologies such as blockchain and Bitcoin, the company may also be aiming to portray itself as a forward-thinking enterprise that is adapting to the changing times.
It is unclear which reason Metaplanet places the most importance on, but it is likely that these various expectations are behind the decision.
What does this news mean for us?
You may be wondering, "I understand that Metaplanet bought Bitcoin, but what does that have to do with us?"
This news brings up some interesting points even for ordinary people like us.
- Bitcoin may no longer be something specialBitcoin previously had the image of being something only for a select few tech-savvy people or special investors, but the fact that listed companies are investing such large amounts of money in it may be evidence that it is becoming more widely recognized in society.
- An opportunity to think about new forms of money and assets: This may be a good opportunity to think about how digital assets like Bitcoin will affect our lives and the economy in the future.
- Gathering information is importantHowever, Bitcoin is also known for its large price fluctuations (high price movements). Just because companies are buying it, there is no need to rush and think, "I have to buy it too!" First of all, it is important to learn about Bitcoin and blockchain little by little through such news.
A word from John
Wow, Japanese companies are starting to get fully involved in the Bitcoin world! I think MetaPlanet's large purchases are a perfect example of this.
I think it's really amazing that they decided to hold Bitcoin as a company asset on such a large scale.
I hope that these trends will lead to blockchain technology (a new system for safely protecting data!) becoming more widely available in Japan!
This article is based on the following original articles and is summarized from the author's perspective:
Metaplanet Buys Additional ¥17.2 Billion Worth Of
Bitcoin