A Japanese investment company called Metaplanet wants to buy more Bitcoin by raising money. They want to raise ¥9.5 billion, which is around $62 million. They are doing this because they believe Bitcoin will be worth more in the future and the Japanese yen will be worth less. If they get the money, they will buy more Bitcoin from December 2024 until June 2025.
Metaplanet is doing this because they think it is a good way to store their money, just like another company called MicroStrategy. Metaplanet also said they will stop working on their virtual world project called “metaverse” because it is not making money.
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<p>The post Japanese Company Raises Money to Buy More Bitcoin first appeared on CoinBuzzFeed.</p>
