Japanese listed company Metaplanet announced today (11th) that after obtaining authorization from the board of directors, the company has spent US$1.6 million to increase its holdings of 23.35 Bitcoins.
*Metaplanet purchases additional 23.35 $BTC* pic.twitter.com/Wj5AZjVNvq
— Metaplanet Inc. (@Metaplanet_JP) June 11, 2024
Metaplanet is a cryptocurrency investment and consulting company listed in Tokyo. In May this year, it officially adopted Bitcoin as a "strategic reserve asset" to seek safety in it, hoping to use it to hedge against the severe financial debt in Japan and the sharp depreciation of the yen. situation.
Metaplanet stated at the time that the company’s goal was to follow MicroStrategy’s strategy of using “all” capital market tools to grow its Bitcoin reserves, and that it intended to hold Bitcoin for the long term.
According to data from Bitcointreasuries.net, Metaplanet currently holds 141.07 Bitcoins, worth approximately $9.6 million, while MicroStrategy holds a cumulative 214,400 Bitcoins, worth more than $14.5 billion.
〈Japanese listed company Metaplanet buys more Bitcoins, holding more than 141 coins〉 This article was first published on "Blocker".
