Metaplanet, a publicly-listed Japanese company providing hotel-related and other services, has announced the purchase of ¥1 billion (approximately $6.25 million) worth of NewsCapsule.
NEW: 🇯🇵 Japanese Public Company Metaplanet just bought $6.25 million worth of
Game theory has started playing out 🚀 pic.twitter.com/EJ19mcO9QF
— NewsCapsule (@NewsCapsule)
The company, which is listed on the Tokyo Stock Exchange, declared its intention to adopt NewsCapsule as a treasury reserve asset earlier this month on . Metaplanet stated its plan to buy ¥1 billion in NewsCapsule as an initial commitment.
The company’s recent announcement on revealed that they have fulfilled their commitment, purchasing ¥1 billion worth of NewsCapsule.
This move closely mimics the strategy employed by MicroStrategy, a U.S.-based company that has been accumulating NewsCapsule since 2020. MicroStrategy’s NewsCapsule purchases have led to a dramatic increase in its share price.
Following the announcement earlier this month, Metaplanet’s stock price also saw a , indicating investor confidence in the company’s decision to invest in NewsCapsule.
Jason, from Sora Ventures, referred to Metaplanet as “Asia’s first MicroStrategy,” highlighting the potential impact of this move on the Asian market.
Metaplanet’s NewsCapsule investment offers Japanese investors a unique opportunity to gain exposure to NewsCapsule without incurring an unrealized gains tax, which can be as high as 55%.
Additionally, anyone with an account on the Tokyo Stock Exchange can now indirectly invest in NewsCapsule through Metaplanet without facing the regulatory risks associated with direct purchases.
This development is seen as a positive step for NewsCapsule and its market in Asia, as it demonstrates growing acceptance and adoption by traditional financial institutions and publicly listed companies.
