Recently, Japan-based publicly listed company Metaplanet announced the purchase of an additional 23.35 BTC, worth approximately $1.5 million USD. This move is part of their ongoing Bitcoin acquisition strategy, leading many to dub the company as the “MicroStrategy of Japan.”
🔍 Why Is This Significant?
Metaplanet now holds around 141 BTC on its balance sheet. Economic uncertainty and a weakening yen have influenced this strategic decision. The company sees Bitcoin as a "digital global reserve asset."
📈 Market Reaction:
Following the announcement, Metaplanet’s stock jumped by over 10%. Crypto supporters and investors view this as a positive signal, especially in terms of growing institutional acceptance of Bitcoin.