Japan’s MicroStrategy Metaplanet ‘buys the dip,’ invests 400M yen in Bitcoin

Metaplanet, a publicly-listed investment and consulting firm based in Japan, has decided to increase its BTC holdings.

This move underscores the strategy known as “buying the dip,” where investors purchase assets at reduced prices with the expectation of future value appreciation.

For those unfamiliar with the term, “buying the dip” reflects a belief in the asset’s long-term potential despite short-term market fluctuations. Following in the footsteps of MicroStrategy, Metaplanet is often hailed as “Asia’s MicroStrategy,” highlighting the increasing adoption of BTC among institutions.

Needless to say, the launch of Bitcoin ETFs have been a catalyst that shifted the perspective of millions, including Wall Street, from viewing BTC as a threat to now seeing it as an opportunity.

Moreover, there has been a notable shift in political interest, particularly from former President Donald Trump, who once mocked cryptocurrencies, but now sees crypto and Bitcoin as potentially pivotal in winning upcoming elections.

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