Metaplanet, a public company listed on the Tokyo Stock Exchange and often referred to as “Asian MicroStrategy”, purchased an additional 42.47 BTC, worth approximately 400 million Japanese Yen (~$2.3 million la).
The latest move marks the company's fifth Bitcoin purchase in the past four months, bringing its total holdings to more than 203 BTC, worth around 2 billion Yen (~$11 million). According to Metaplanet, the average purchase price per Bitcoin is around $58,500.
The company made previous purchases on April 23, May 10, June 10, and July 1. After the third purchase, Metaplanet's shares soared 10%.
Metaplanet, a company specializing in hotel and real estate development, has shifted its focus to investing in Bitcoin, using the currency as a reserve asset amid a challenging Japanese economy.
The company's move mirrors strategies adopted by other major companies such as MicroStrategy, which leverage Bitcoin as a hedge against local currency weakness and economic instability.
As of July 7, global public companies held a total of 324,295 BTC, with MicroStrategy leading the way with 226,331 BTC, representing more than half of the company's market capitalization.
Source: BitcoinTreasuries.net
https://tapchibitcoin.io/metaplanet-mua-them-4227-btc.html
