The publicly traded company Metaplanet continues to grow its cryptocurrency investments. The company announced that it purchased an additional 103 Bitcoin (BTC) for approximately 1.736 billion yen (about $11.78 million).
Metaplanet Increased Bitcoin Investment: Purchased 103 More BTC
With this latest acquisition, Metaplanet's total Bitcoin assets have reached 18,991 BTC. The company's total investment in crypto has risen to 285.833 billion yen (approximately $1.942 billion). Metaplanet considers Bitcoin as a long-term reserve asset and positions it as a significant strategic value element on its balance sheet.
The company's decision to increase its Bitcoin investments demonstrates that an increasing number of corporate actors globally are turning to digital assets. In particular, inflation, monetary policies, and geopolitical uncertainties are accelerating the shift of large companies towards alternative value preservation tools outside traditional financial assets.
Metaplanet, with this move, has risen to become one of the largest corporate Bitcoin investors in Asia. Experts indicate that the company's strategy resembles MicroStrategy's Bitcoin acquisition policies in the U.S.
As crypto markets have matured in recent years due to the impact of corporate investments, Metaplanet's steps are being closely monitored both in Japan and on the international stage. It is anticipated that the company may further expand its reserves with new Bitcoin purchases in the upcoming period.
Stay tuned for the latest developments.
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