Metaplanet is an investment firm focused on Web3 and metaverse-related businesses. The decision to adopt BTC as a treasury asset was backed by Sora Ventures, UTXO Management, and notable individuals such as Mark Yusko, founder of Morgan Creek Capital, and Jack Liu, a founding member of Ordiswap.Metaplanet “Asia’s first MicroStrategy.” He added that the firm’s adoption of BTC would enable Japanese investors to gain exposure to Bitcoin without regulatory risk.
The current market value of MicroStrategy’s BTC holding is over $15 billion, giving it over 100% profit. Even at the peak of the bear market in 2022, when the firm’s BTC holding was running at a loss, SaylorSaylor bought Bitcoin as a treasury-hedging asset and motivated other publicly listed companies to adopt it. Saylor claimed he had convinced Tesla CEO Elon Musk to purchase $1.5 billion of BTC in January 2021.