🇯🇵Another MSTR copycat comes in the form of a tiny Japanese company named ‘‘Metaplanet.’’
They had a measly $15M MC before their Bitcoin play…
🚨However, their MC has tripled since they declared they were buying $6.56M worth of Bitcoin, but they didn't stop there...👇
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What’s more stunning about Metaplanet is what their ''Director of Bitcoin Strategy,'' DylanLeClair_ announced on May 7th:👇
We have public companies alongside MSTR signaling their intent to tap the public debt market to borrow fiat and buy Bitcoin!
The craziest thing?👇
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There are even more companies buying Bitcoin, all fighting over the 2M Bitcoin on exchanges.
What happens when the other 58,000 public companies do when they run the numbers?
Will we see a supply suffocation?
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We'll answer those Qs in more detail below in a moment, however, in the meantime...
If you've enjoyed this🧵so far, we'd appreciate it if you:🙌
1. RT the original tweet👇 to share this🧵
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Let's dive deeper.👇
https://x.com/lukemikic21/status/1800282071576858949?s=46&t=BmDLG99_3Vds9qJKwA5qGA
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If you want to read more about the 4 public companies copying Michael Saylor's Bitcoin playbook, you're in luck!
📩We recently explored the 3 companies using a speculative attack in more detail in the Bitcoin News Research deep dive linked below:
bitcoinnewsresearch.beehiiv.com/p/speculative-…
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