Coinspeaker
Metaplanet Joins Bitcoin for Corporation Initiative
Less than one week after the initiative was launched, Japanese investment firm Metaplanet Inc (TYO: 3350) announced its participation as a founding member of Bitcoin for Corporation. The initiative was introduced by Bitcoin Magazine and MicroStrategy Inc (NASDAQ: MSTR) at the recently concluded Bitcoin Conference to enhance Bitcoin adoption amongst institutional clients.
*Metaplanet joins Bitcoin for Corporations Initiative* pic.twitter.com/29WxA03m0x
— Metaplanet Inc. (@Metaplanet_JP) July 30, 2024
Expanding the Bitcoin for Corporation Initiative
Bitcoin for Corporation is a strategic partnership designed to deliver comprehensive resources, educational content as well as networking opportunities to support corporate leaders who are making their entry into the Bitcoin ecosystem. This will include curated content, newsletters, and success stories from industry leaders who have engaged in corporate Bitcoin strategies in the past.
Additionally, it involves the provision of practical tools and educational materials tailored to C-Level executives, a structured outreach program and VIP access to annual in-person conferences. It reflects a joint effort and commitment to foster Bitcoin mainstream adoption and education globally.
Mike Germano, President of Bitcoin Magazine said “We are thrilled to partner with MicroStrategy to launch Bitcoin for Corporations. This collaboration seamlessly aligns with our mission to educate and empower Bitcoiners. In expanding this mission to corporations, we couldn’t ask for better partners to join forces with than MicroStrategy.”
The initiative is billed to leverage Bitcoin Magazine and MicroStrategy’s individual strengths, combining them to create a robust resource and networking hub for firms that are at different points in their Bitcoin walk. Noteworthy, MicroStrategy already integrated a Bitcoin for Corporation track into its World conference series.
This latest collaboration with Bitcoin Magazine is an expansion of the existing initiative.
Bitcoin Adoption Grows beyond Metaplanet
Since the beginning of this year, Bitcoin adoption has grown significantly, largely contributed by the launch of spot Bitcoin ETFs. The entry of reputable investment asset management firms like BlackRock Inc, Fidelity Investments, Grayscale Investments, and others, gave credence to the crypto industry and made BTC more attractive to institutional investors.
During the inaugural day of the Bitcoin Conference, Steven Fulop, the Mayor of Jersey City disclosed plans to put a portion of the city’s pension funds into the Bitcoin ETFs. This is after the strong success of the spot Bitcoin ETFs in the last six months. Even the Wisconsin Pension Fund made a similar decision in Q2 2024, allocating 2% of its $156 billion in assets to the spot Bitcoin ETFs.
Ultimately, Metaplanet’s decision to join the initiative is a reflection of its desire to improve its Bitcoin footprint. For the last two months, the Japanese firm has focused on acquiring more Bitcoin. The acquisition became quite frequent that it is safe to say that Metaplanet has adopted MicroStrategy’s Bitcoin playbook.
Two weeks ago, Metaplanet acquired 21.88 Bitcoin at a value of 200 million Japanese Yen, which is equivalent to approximately $1.2 million. Currently, Metaplanet holds more than 225.6 BTC.
