LATEST: Japanese Firm MetaPlanet Acquires 23.35 Bitcoin for $1.6 Million Investment

Metaplanet, a prominent Japanese corporation, has strategically augmented its Bitcoin holdings by acquiring an additional 23.351 units, valued at $1.6 million. The purchase, made at an average price of 10,706,180 yen per Bitcoin, represents a total investment of 250 million yen. This move is a continuation of the company’s forward-thinking financial policy, previously updated in late May 2024.

With this latest acquisition, Metaplanet’s Bitcoin portfolio now totals 141.0727 Bitcoins, carrying an average purchase price of 10,278,391 yen per unit, and an overall investment summing up to 1.45 billion yen. The company’s increasing commitment to cryptocurrency underscores a tactical approach to diversifying assets beyond traditional avenues.

Metaplanet’s adoption of Bitcoin as a reserve asset forms part of a broader strategy to mitigate the risks associated with Japan’s escalating debt and yen volatility. This innovative financial maneuver highlights the growing confidence in digital currencies as a stable investment in uncertain economic times.


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