#MetaplanetBTCPurchase

#MetaplanetBTCPurchase MetaplanetBTCPurchase Tokyo-listed Metaplanet (3350.T) just made a bold Bitcoin bet—here’s why it matters:

The Move

- Announced ¥1B ($6.4M) Bitcoin purchase on June 10, 2024

- Adopting BTC as primary treasury reserve (ditching JPY)

- Plans quarterly BTC buys using operating cash flow

Why It’s Significant

1️⃣ Asia’s First Public Company to Go All-In on BTC

- Following MicroStrategy’s playbook (now holds 214,400 BTC)

- Signals institutional shift beyond Western markets

2️⃣ Yen Hedge Strategy

- Japan’s currency hit 34-year lows vs USD in 2024