Thread 60481318

Metaplanet’s target of 210,000 bitcoin would make it the world’s second-largest corporate holder of the cryptocurrency behind Strategy

>>60481318 (OP)
>nooo it’s never going to be a real asset chu-ACK!

am i retarded if this made me believe again
maybe we were right after all

>>60481358
Bruh we are casually breaking ATH at no news and no enthusiasm. Which is either amazing or terrible. I'm not sure.
owo

>>60481318 (OP)
You think Microstrategy’s valuation is silly at something like 1.8x its BTC holdings, the Nips have bid Metaplanet up to the point where the market cap is 6.6x higher than the value of the bitcoin in its coffers.

>>60481318 (OP)
there won't be enough for everyone

>>60481358
Maybe?!

based

this is going to snowball into every random billion dollar corp wanting to own 1% of bitcoin

>>60481318 (OP)
I want Japan to buy as much Bitcoin as possible because it will be so easy to steal it from them. Their digital security fucking sucks ass.

>>60482132
They don't understand how incredibly late to the party they are. Oh well. We pumpin

>>60482187
Yeah their strategy (pun intended) is not original. I own Meta Planet but this space is getting crowded. Either these treasury companies will be acquired or this is the new ICO.

>>60481318 (OP)
>Japanese hotel group plans to buy $5bn of bitcoin
So they're turning into a hedge fund that technically owns hotels?

>>60484428
I thought the hotel business failed "due to Covid" TM.

Are there any actual Japanese people running this business or is it all US Japanese LARPers?

99% are retarded and can't see Saylor already won. They don't understand what is going on so there's still alpha. This company looks good for a japanese play tho. My question is: Do you buy the 3350 ticker, or the DN3 ticker? Im from EU, if I was amerifat, same question but MTLPF ticker. The question is relevant since 3350 is subject to TSE circuit breakers. This would protect you from down wicks but also would not expose you to the gamma squeezes where millions are made in seconds. Just compare the charts. I have access to 3350 in my broker but I can open another account to get DN3 access.

>>60481318 (OP)
Nothing burger. I also plan to buy $5 billion worth of bitcoin

>>60482165
>0.1m
>late
Kek

>>60484318
This is not "the new ICO". They are acquiring an asset that beats the SP500, so they will beat everyone holding cash on t-bills which is where all the money from corporations rots at, the cope will be historic.

Based Japs.

Crypto is unironically just another form of credit; a trust fund that issues tokens entitling you to a percentage of the account, then pays you back after theyre done using your money. Its a literal loan from you to them for floating liquidity.

A lot of "businesses" are doing the whole crypto treasury as a means of piling wealth into one spot so they can rug.
>cryptroves of crypto alley

>>60482165
All fun and games until ninja assassins show up on your balcony.

>>60481318 (OP)
I don't get it. Japan crypto tax is fucking TERRIBLE. How are these corps planning to profit well off this? They'd be better off buying MSTR than spot BTC.

>>60488326
It got better, they don't tax you on depreciated gains and don't make the top value of your coin the amount to be taxed anymore.

>>60488119
>not "the new ICO"
Its much better than ICOs of course. The point is, like the ICOs it is a very crowded space now. Can everyone be successful?

The list is getting long:
https://bitcointreasuries.net/

>>60490268
Well, as long as you can accquire BTC for your business and maintain a good asset to debt ratio then you will print gains

>>60481318 (OP)
A literal hotel group? As in the owner of a chain of Japanese hotels decided to buy a shit ton of Bitcoin?
BTC goes up, ETH (hopefully) goes up which means SNIBBU and DOGE go up as well, so this is good news.
>>60481358
Sounds gay and/or boot licker-y but Saylor and his company are all the hopium I need honestly. All these filthy jews trying to get their grubby mitts on Bitcoin tells me there IS value there, they will never invest in anything as a mere bet. Even if they don't see the value, they will spin their own (it's digital gold, it's a store of value, it's this and that).
>>60481323
>I-IT'S NOT DIGITAL ANYTHING! IT'S A FUCKING LEDGER! LITERALLY NUMBERS ON A SCREEN! I WILL EVENTUALLY BE ABLE TO AFFORD HALF A BITCOIN, WATCH, BLACK SWAN AROUND THE CORNER!