Japanese firm Metaplanet announced it is purchasing 1 billion yen (about $6.5 million) worth of Bitcoin as part of its corporate treasury strategy, a move that mimics MicroStrategy’s high-profile Bitcoin accumulation.

Metaplanet, a publicly traded company listed on the Tokyo Stock Exchange, a diversified enterprise, revealed the Bitcoin buying initiative on X. The company cited hedging risks from currency devaluation and inflation as motivations.

The announcement said the purchase is an “initial commitment” and part of a broader embrace of Bitcoin’s potential. Partners like legendary hedge fund manager Mark Yusko, UTXO Management, and Sora Ventures support it.

By adopting a Bitcoin…

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