#MetaplanetBTCPurchase
Japan’s Metaplanet has officially adopted Bitcoin as its reserve asset, purchasing ¥1.05B ($6.7M) worth of BTC in its latest treasury move . The Tokyo-listed firm cited "monetary debasement risks" and follows MicroStrategy’s playbook, using corporate bonds to fund acquisitions .
Key details:
- "Holding": Now owns 203 BTC at average cost of $33K
- "Strategy": Will allocate 50% of cash flow to monthly BTC buys
- "Market Impact": Shares surged 89% since April announcement
With Japan’s yen at 34-year lows, more firms may follow Metaplanet’s Bitcoin standard approach. A bold hedge against fiat volatility.