$BTC

Bitcoin is the action of purchasing Bitcoin by the Japanese company, Metaplanet, as part of their strategy to adopt Bitcoin as a treasury asset (financial reserve).

### **Key Points:**

1. **Reason:**

- Reducing the risk from the weakening Japanese Yen.

- Following a similar strategy as MicroStrategy (a company known for allocating large funds to Bitcoin).

2. **Purchase Amount:**

- In June 2024, Metaplanet announced the purchase of **1.1 Billion Yen (approximately $6.5 million)** in the form of Bitcoin.

3. **Objective:**

- Diversifying the company's assets.

- Hedging against inflation and the weakness of fiat currency.

4. **Impact:**

- Increasing investor confidence in Bitcoin as an institutional asset.