๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰ Big news, BTC enthusiasts! Metaplanet, a Japanese firm, has just upped its BTC game, purchasing 23.351 BTC for about $1.59 million! ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ This takes their total BTC holdings to a whopping 141.07, valued at $9.6 million.

This BTC-friendly move has sparked a fantastic 10.8% surge in Metaplanet's publicly traded shares. ๐Ÿš€๐Ÿš€๐Ÿš€ The company, fondly known as Asia's MicroStrategy, has been steadily increasing its BTC holdings, with previous acquisitions of 97.85 BTC and 19.87 BTC in April and May respectively.

Metaplanet's strategy is clear: BTC is a solid hedge against the rapidly surging Japanese international debt burden and the rapid depreciation of the Yen. ๐Ÿ“‰๐Ÿ“‰๐Ÿ“‰ Since January 2021, the Yen has depreciated by about 35% against the USD, while BTC has appreciated over 200% against the Yen in the past year alone. ๐Ÿ’ช๐Ÿ’ช๐Ÿ’ช

As BTC dances slightly above $67K, Metaplanet's bitcoin exposure boasts an unrealized profit of about 2.5%. ๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰ The company vows to continue expanding its bitcoin reserve, following in the footsteps of MicroStrategy.

This trend is not unique to Metaplanet. Other corporate investors, including MicroStrategy, are also reaping massive rewards from their BTC exposure. Just yesterday, Canadaโ€™s DeFi Technologies added 110 BTC to its treasury, causing an 11% spike in stock prices.

So, here's to more BTC wins! ๐Ÿฅ‚๐Ÿฅ‚๐Ÿฅ‚