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Metaplanet Inc., a Tokyo Stock Exchange-listed company, has recently adopted bitcoin as its strategic treasury reserve asset.
Faced with Japan’s economic challenges, including soaring debt levels and a weakening yen, Metaplanet has changed tactics, aiming to protect investors against currency depreciation and leverage opportunities in capital markets.
The company, once a major player in the commercial real estate market across Asia, has undergone a remarkable transformation.
Originally founded in 1999, the company has a diverse history that includes hotel operations, investment services, and investor relations consultancy.
The COVID-19 pandemic dealt a severe blow to…
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