Bitcoin buy propels Metaplanet stock up 10%, total holdings now 225 BTC
Japan-based Metaplanet said it has acquired additional Bitcoin, according to a July 16 statement. Metaplanet furthered that this acquisition aligns with its prior announcement of plans to invest ¥1 billion in Bitcoin as part of its ongoing strategy to adopt the top crypto as a treasury reserve asset. Last month, it set up a subsidiary, Metaplanet Capital Limited, in the British Virgin Islands to enhance its Bitcoin management and expand into new regions.
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