$BTC
Meta-planet BTC Purchase: Japan’s Corporate Bitcoin Strategy is Gaining Steam!
Meta-planet, a Japanese investment firm, has decided to go big on Bitcoin again.
A$BTC dding another ¥700 million ($4.4 million) to its stash, which now totals 152 BTC! This move comes after their first purchase of ¥1 billion in BTC back in June, as they adopt a MicroStrategy-style treasury approach to counter Japan’s weak yen and economic ups and downs. Why This Matters: Institutional Adoption – Metaplanet is joining a growing crew of companies using BTC as a reserve asset. Yen Hedge – With the yen struggling, Bitcoin is looking like a solid alternative. Market Confidence – Moves like this help strengthen Bitcoin’s reputation as a store of value. Price Impact? While $4.4 million on its own might not shake up the market, the trend of public companies piling up BTC could drive long-term demand. What’s Next? Will more companies in Asia follow Metaplanet’s lead? 👀
