Metaplanet’s recent investment of ¥500 million, which equates to approximately 303 BTC, raises the company’s total Bitcoin holdings to around 303 BTC, valued at nearly $18 million. This investment follows Metaplanet securing a ¥1 billion loan specifically designated for purchasing Bitcoin.
The firm’s decision to invest heavily in Bitcoin aligns with its strategy to use the cryptocurrency as a hedge against the weakening yen and Japan’s growing government debt.·
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