Japanese listed company Metaplanet has bought Bitcoin again!
This time they purchased a total of 1,112 BTC in one go, officially surpassing a total holding of 10,000 BTC, becoming one of the top ten Bitcoin holding companies in the world, and it's not an exaggeration to call them the "Japanese version of MicroStrategy."
The funds for the purchase came from a new round of convertible bond financing, amounting to as much as $117 million.
The current holding's market value exceeds $1 billion.
The company's goal is to hold 210,000 BTC in the future, accounting for 1% of the global total.
Against the backdrop of the Bank of Japan maintaining an ultra-loose policy and the continued depreciation of the yen, Metaplanet is using Bitcoin to "insure" itself.
