Monthly Archives: August 2024

Metaplanet – Japanese Public Company Buying Bitcoin as a Treasury Reserve Asset

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Metaplanet  – Japanese Public Company Buying Bitcoin as a Treasury Reserve Asset

Metaplanet is a publicly traded company in Japan that has set Bitcoin as its primary treasury reserve asset. You can read about it here. You will have to click on their link to their “official disclosure” or you can link directly to the PDF of the official disclosure here. 

You can listen to Dylan LeClair, the Director of Bitcoin Strategy at MetaPlanet, here talk about MetaPlanet and their Bitcoin Strategy. The link takes you to the correct timestamp in the Youtube Video.

 I highly recommend everyone reads this. It lays out in simple, clear language, the benefits to the company of buying bitcoin as their treasury reserve asset. Most of their reasoning applies to individuals also.  I’d like to repost it here directly, but they have requested no reproductions. I have emailed them asking if it’s possible to repost it and will if they allow it. But if not, you can read at the link above. It’s only a 3 page document. 

Metaplanet is the first public company in Japan I am aware of that has started using Bitcoin as it’s treasury reserve asset. But it wasn’t the first worldwide and I’m sure it won’t be the last. 


Here is a previous article I wrote about companies and pension funds starting to buy Bitcoin. 

A short list of those companies is below.

Metaplanet – Metaplanet direct link to PDF

Microstrategy 

Mara – Bitcoin miner

Semler Scientific

Onemed

Block (formally Square, owns Square processing points and Cashapp app)

Private company –

Tahini’s (corporate page) – Restaurant in Canada – Tahini bitcoin article

As well as all these companies continually buying bitcoin, there are 2 US state pension funds that have bought bitcoin they have disclosed so far.

Wisconsin Pension Fund

Michigan Pension Fund

And one, Arizona, that has a resolution for their pension fund to learn about it. Here is the resolution directly.

There are a few other countries that are involved in mining bitcoin. 

Bhutan 

Oman

Ethiopia

Finally, El Salvador is the first country to adopt bitcoin as legal tender. It is also committed to buying 1 bitcoin a day. You can follow directly in their bitcoin address. 

Again, it was the first ,but I doubt it will be the last. 

At this link is a list of all companies holding bitcoin. The above lists are more recent companies and companies that are actively proclaiming that they are accumulating more bitcoin aggressively. 

A second link with entities holding bitcoin. 

0.1 Bitcoin

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There are about 8 billion (8,000,000,000) people in the world. 

According to Kiplinger, globally there are about 59 million millionaires. 

59,000,000/8,000,000,000 = 0.007375 =  0.7375% of people in the world are millionaires. So less than 1% of people are millionaires. 

If you divided the 21 million (21,000,000) bitcoin among the 8 billion people

21,000,000/8,000,000,000 = 0.002625

0.002625 x $60,000/btc = $157.50

You only need to buy $157.50 worth of bitcoin to get “your share” today. 

There are 21 million bitcoin that will ever be made. 

There are 59 million millionaires. So it’s not possible for every millionaire to have 1 bitcoin. 

If we divide the 21 million bitcoin by 59 million millionaires we get 

21/59 = 0.35593220 btc per millionaire.

 0.35593220 x $60,000/btc = $21,355.93 if every millionaire wanted to get “their share” of bitcoin and it was only split among millionaires.

If we go down to units of 0.1 bitcoin then 210 million people could own 0.1 bitcoin.

That is still only 

210,000,000 people/ 8,000,000,000 people = 0.02625 = 2.625% of people would have 0.1 bitcoin.

0.1 bitcoin x $60k/bitcoin = $6,000 to buy 0.1 bitcoin today.

If I was someone with no bitcoin today I’d think hard about setting a goal of getting to 0.1 bitcoin. 

The market capitalization of Gold is $16,590,000,000,000 ($16.59 Trillion) as of 8-11-2024 when I write this.  Note that this changes daily as the price of gold fluctuates and as more gold is mined each year. 

If bitcoin was to attaining the same market capitalization  

$16,590,000,000,000/21,000,000 bitcoin = $790,000 per bitcoin

$790,000 x 0.1 bitcoin = $79,000

If bitcoin was to reach a value of $10 million per Bitcoin then 0.1 bitcoin would be worth $1 million. 

Plenty of people have made a prediction in the millions for the future price of bitcoin. You will have to do research for yourself to determine if you think this is reasonable. But I would encourage you to be inquisitive about why people are prediction such a high price for Bitcoin. 

This isn’t all to tell you you have to buy bitcoin. But it’s to encourage you to look into why many people think bitcoin has value. 


There is not much bitcoin and we are still early as far as world wide adoption. You don’t need to buy much (0.1 bitcoin = $6k today) to potentially have $1 million in the future. 


Of course, only buy as much as you are able to lose! Many people are able to have a risky bet of $6k and if it did happen to go to $0 (which is of course a possibility) they’d still be fine. 

But if that is not you then definitely DON’T buy bitcoin. 


But if you are a person who has sufficient assets, you might try thinking about why so many people have such a high conviction in bitcoin.