Japanese public company Metaplanet has received praise from Michael Saylor, executive chairman of MicroStrategy, for its exceptional performance. Metaplanet has risen to the top 30 Japanese listed companies by trading volume, surpassing notable players like Itochu and NTT. Metaplanet gained recognition by heavily investing in Bitcoin, similar to MicroStrategy. Its current BTC holdings are valued at $93 million and it recently announced a debt-for-Bitcoin offering. With its rapid growth, Metaplanet is on track to surpass Canaan and Aker ASA in the near future. MicroStrategy, known for its significant Bitcoin holdings, recently reached a total value of over $30 billion and announced a $4.6 billion purchase as well as a debt offer worth $1.75 billion for further Bitcoin acquisitions. Some experts argue that Bitcoin has become centralized due to MicroStrategy's dominance, while others caution against potential risks for MicroStrategy similar to the bankruptcy faced by the Hunt brothers in their attempt to corner the silver market.



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