Metaplanet declares its love for Bitcoin! 💍📈
- While the price of Bitcoin fell by 9.8%, Japan-based Metaplanet said, "We can't handle a drop!" by purchasing exactly 620 BTC.
- This was the company's largest Bitcoin purchase to date. They reached a total of 1,761.98 BTC, worth almost $168 million!
- Metaplanet expects to make a profit for the first time in 7 years by starting to use Bitcoin as a treasury asset.
- The company, known as "Asia's MicroStrategy", also filled its coffers with Bitcoin put options.
Do you think this strategy will pay off in the long run? Let's meet in the comments! 💬