đŻđ” Metaplanet strengthens its Bitcoin strategy.
The Japanese company has acquired 319 $BTC for 3.77 billion yen (~26.3M $).
â Total held: 4 525 $BTC
Quick analysis:
â Metaplanet adopts a cash reserve strategy in Bitcoin, similar to that of #MicroStrategy
â A potential hedge against yen depreciation and inflation
â Strong signal sent to the markets about their long-term conviction in BTC
â Potential impact: increased attractiveness to pro-crypto investors
A strategic decision that could set a precedent in the Japanese market.