#VietnamCryptoPolicy 🇯🇵 Japanese Company Buys More Bitcoin to Fight Economic Problems

#MetaplanetBTCPurchase , a company in Japan that invests money in different businesses, just bought 117.7 $BITCOIN

BITCOIN

Alpha

0.080721

+8.8%

worth $7.19 million. Now, they own a total of 141.07 Bitcoins, which is about $10.05 million in value.

🪙 Why did they do this?

Japan is having some money problems like a weak Japanese yen (the currency) and lots of national debt. So, Metaplanet is buying Bitcoin to protect their money. Bitcoin is often seen as a “safe” place to store value, especially when regular money is losing power.

📈 Who else has done this?

This is similar to what the American company MicroStrategy has done. They’ve also bought a lot of Bitcoin to keep their company’s money safe. Now, Metaplanet is doing the same thing in Japan.

📊 What happened after the news?

After Metaplanet shared this news, the price of Bitcoin went up. This shows that more companies are starting to trust Bitcoin as a smart way to protect their money from inflation (when things get more expensive).