According to Odaily, Metaplanet, a publicly traded company in Japan, has announced that it has received board authorization to purchase additional Bitcoin (BTC) worth 250 million yen, equivalent to $1,595,862.5. The announcement was made on the X platform.
This move by Metaplanet is part of a growing trend among companies to invest in cryptocurrencies as a hedge against inflation and currency devaluation. The company's decision to increase its investment in Bitcoin underscores the growing acceptance of digital currencies in the mainstream financial world.
However, it's important to note that investing in cryptocurrencies carries a high level of risk due to their volatile nature. Investors should always conduct thorough research and consider their risk tolerance before investing in digital currencies.
