Nvidia's market value jumps to 4 trillion Mg, Bitcoin challenges 112K to set a new record high

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Here's the English translation: NVIDIA's market value jumped to $4 trillion during mid-trading, marking the first instance in history. Traders are ignoring tariff anxieties, and CNN's Fear and Greed Index currently shows extreme greed. Bit is again challenging 112K, with Binance exchange data showing Bit reached a high of $111,999 this morning, breaking this year's May 22 high of $111,980 and creating a new historical record. Ethereum rose to $2,776, increasing 6.2% in 24 hours. The cryptocurrency market saw positions worth $508 million liquidated within 24 hours. The Federal Reserve meeting minutes showed divergent views among rate decision-makers, primarily due to different expectations about how tariffs might impact inflation. NVIDIA became the first company to break the $4 trillion market value milestone, marking an impressive rebound after a challenging start to the year. The stock has risen over 1,000% since early 2023. Bit is challenging 112K again, with Binance exchange data showing it reached $111,999 this morning, breaking this year's May 22 high of $111,980 and creating a new historical record. Ethereum rose to $2,776, increasing 6.2% in 24 hours. The cryptocurrency market saw $508 million in positions liquidated within 24 hours, with Bit accounting for $229 million and Ethereum for $147 million. The Coinglass Fear and Greed Index has reached the 67 greed zone. As Japanese Metaplanet achieved its BTC reserve target ahead of schedule, the company plans to use BTC as financial leverage and further acquire digital banks generating stable cash flow, becoming a representative BTC enterprise in the Japanese capital market.

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Metaplanet Embraces Bitcoin Gold Rush: Target 210,000 BTC

Metaplanet CEO Simon Gerovich recently stated in an interview with the Financial Times that now is the "Bitcoin gold rush era," and companies are accelerating their Bitcoin purchases:

We need to accumulate as many Bitcoins as possible to reach a height that others find difficult to catch up with.

Gerovich stated that his goal is to hold 210,000 BTC by 2027, which is about 1% of the global total supply. The company currently holds 15,555 BTC, with an average purchase price of $98,582. This week alone, Metaplanet added 2,205 BTC for $237 million, demonstrating high confidence in Bitcoin's long-term value.

Metaplanet Currently Ranks Fifth Globally in Bitcoin Holdings

(Metaplanet Purchases Additional Bitcoins, BTC Reaches 13,350 and Ranks Fifth Globally)

BTC as Collateral, New Leverage for Digital Bank Acquisition

Meanwhile, Metaplanet's strategy goes beyond hoarding coins and plans to use Bitcoin as a leverage tool to obtain cash for physical acquisitions. Gerovich noted that the second phase is to use BTC as collateral, similar to government bonds or stocks, to raise funds for acquiring cash-generating enterprises.

We might acquire a digital bank in Japan and provide a better service experience than they currently offer.

He ruled out the possibility of issuing convertible bonds but remains open to preferred stock financing: "I don't want to have to repay funds based on stock prices three to four years from now."

Although loans secured by cryptocurrencies are still rare in traditional banking, some institutions are beginning to explore this area. Including JPMorgan, Standard Chartered, and the US Federal Housing Finance Agency (FHFA), which are considering cryptocurrencies and ETFs as risk assessment conditions for potential loans.

(Crypto Assets for Loans? JPMorgan Considers Crypto Currencies as ETF Loan Collateral)

Stock Price Triples in Half a Year, Trading Volume Surpasses Toyota and Sony

With its Bitcoin strategy unfolding, Metaplanet's stock price (TYO: 3350) has surged nearly 330% this year, with market capitalization exceeding 1 trillion yen (about $6.8 billion).

According to Reuters, Metaplanet's stock trading volume in June reached 1.87 trillion yen, doubling from May and surpassing giants like Toyota's 1.64 trillion and Sony's 1.31 trillion yen. It sits firmly at the top of the Tokyo Stock Exchange standard market, showing that this "Bitcoin concept" has attracted both retail and institutional investors, becoming a market focus.

Additionally, according to a recent report by Mizuho Securities, Metaplanet is expected to be included in the FTSE Japan Index in September, attracting more ETF and passive fund buying.

(From MicroStrategy to Metaplanet: The Premium Myth of Bitcoin Treasury Companies, Heading Towards a High-Risk Leveraged Cycle?)

From Hotel Operator to Japanese MicroStrategy: Metaplanet Successfully Resurrects

Metaplanet's Bitcoin approach is not just an asset management method, but also a corporate transformation strategy. From fundraising and hoarding, to leveraged borrowing and acquisitions, this company has undoubtedly transformed from a previously lackluster hospitality business to Japan's version of MicroStrategy, promising to forge a unique path of crypto financial innovation.

Risk Warning

Cryptocurrency investment carries high risks, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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