đ Tokyo-based Metaplanet investment firm has just made waves in the crypto world! Theyâve snapped up an additional 57.273 BTC, valued at around $3.4 million, during the current market lull, setting the stage for long-term growth. đ±
This move is part of their strategy announced on August 8, following a hefty 1 billion yen loan (~$6.8 million) aimed at boosting their Bitcoin reserves. đ Since the announcement, Metaplanet's stock price has soared over 11%! đ
With this latest purchase, Metaplanet's total Bitcoin holdings now stand at an impressive 360.368 BTC. The firm began adopting Bitcoin as a strategic treasury reserve asset in May, responding to Japan's economic challenges. đŒ
Metaplanet's strategy mirrors that of MicroStrategy, which has been acquiring BTC since 2020. đŠ Other companies like Marathon Digital Holdings and Semler Scientific are also raising capital to invest in Bitcoin. đ
Stay tuned, Bitcoin enthusiasts! The future looks bright for BTC! đ
