Japanese investment firm Metaplanet is set to take the crypto market by storm with plans to raise 9.5 billion yen (around $62 million) through a share acquisition scheme. The move will strengthen their Bitcoin portfolio while reducing their exposure to the ever-weakening yen. 🎉

- Metaplanet’s Board of Directors has approved the allocation of 29,000 Share Acquisition Rights to EVO FUND, a Cayman Islands-based investment entity.

- The funds will be used to purchase more Bitcoin, adding to their collection of 1,142 BTC which is already worth over $109 million.

- The strategy follows in the footsteps of MicroStrategy, underscoring Metaplanet’s commitment to crypto investment.

What do you think, is this a smart move to deal with inflation? Let’s discuss in the comments column!