The Japanese investment company #metaplanet , listed on the Tokyo Stock Exchange, has just announced the purchase of an additional 619.7 Bitcoin with a total value of 9.5 billion yen (60.5 million USD). This is the largest Bitcoin transaction to date for the company, marking a new step in its treasury building strategy $BTC .



The "Bitcoin treasury" strategy like MicroStrategy


Metaplanet currently owns 1,761.98 Bitcoin, equivalent to 164 million USD at current prices.


The company is inspired by the strategy of MicroStrategy – the American corporation that has purchased 444,262 BTC, worth over 41 billion USD, to optimize shareholder value.


Like MicroStrategy, Metaplanet uses Bitcoin as collateral, allowing investors to indirectly access Bitcoin through company shares.


Challenges and prospects


Metaplanet announces it will accelerate Bitcoin purchases by issuing debt, a controversial move as the company's stock price fell sharply last week.


Nevertheless, Metaplanet claims it will pioneer the establishment of a Bitcoin ecosystem in Japan, aiming to make the country a hub for cryptocurrency technology.


Current Bitcoin market


Bitcoin is trading at 92,625 USD/coin, down over 3% in the last 24 hours and 13% over the past week, according to data from CoinGecko.


Conclusion


With a strong strategy and clear ambition, Metaplanet is proving its determination to make Bitcoin a core asset in its investment portfolio. However, they will face many challenges to convince investors of their long-term vision.#MarketRebount