Metaplanet doubles down on Bitcoin!
The Japanese company acquired another 20.2 BTC for $1.2 million, bringing its total reserves to 246 BTC (≈ $16.7 million). This is part of a strategy to hedge against inflation and strengthen reserves.
Since the beginning of its investments in BTC, Metaplanet's shares have increased by 21%. This move demonstrates the business's confidence in the future of cryptocurrencies.
The price of BTC today is $84,721 (+1.5% in 24h). It seems that institutional investors are setting the tone for the market again.
