Global #MicroStrategy

Following a recent ¥250 million purchase, Japanese investment firm Metaplanet has again bolstered its Bitcoin holdings, this time to the tune of ¥400 million (roughly $3.7 million USD).

MicroStrategy, a leading business intelligence firm, has seen its substantial investment in Bitcoin soar to an impressive valuation of nearly $15 billion. The company's bold bet on the cryptocurrency has proven to be a lucrative venture, as the price of Bitcoin continues to rise.

In June 2024, news surfaced that MicroStrategy's CEO, Michael Saylor, reached a $40 million settlement with the attorney general for the District of Columbia, ending a lawsuit accusing him of evading income tax.

Semler Scientific, known for its early detection products for chronic diseases, experienced a remarkable 42% surge in its stock value after announcing a substantial investment in Bitcoin. The company purchased 581 Bitcoins for $40 million, echoing the strategy employed by MicroStrategy, a move that drew attention from industry observers.

Metaplanet, a Japanese investment firm taking cues from MicroStrategy's Bitcoin playbook, has witnessed an extraordinary surge in its stock price, soaring by 158% in the past week, making it the top gainer among all Japanese stocks.

MicroStrategy, renowned for its substantial Bitcoin holdings, has recently been incorporated into the MSCI World Stock Index, signaling a growing acceptance of cryptocurrency within traditional investment portfolios.