Japanese company Metaplanet — dubbed “Asia’s MicroStrategy” — last year switched from developing hotels into becoming a “bitcoin treasury company” and has been rewarded with a more than 2,000 per cent share price rise. Last month it announced plans to raise ¥116bn ($750mn) in new shares in order to add to the 1,762 bitcoins it holds.

MicroStrategy's continuous twelve-week bitcoin purchasing streak came to an end, as the company disclosed in an 8-K filing with the Securities and Exchange Commission.