#MetaplanetBTCPurchase MicroStrategy increases Bitcoin

The Japanese company Metaplanet has officially acquired 1 BTC on its balance sheet, following its March announcement of a MicroStrategy-like strategy.

While the volumes are small, this is the first public step by the Japanese firm towards BTC as a strategic asset. Against the backdrop of a weakening yen and a global trend towards digital reserves, the move seems forward-thinking.

Asian corporate capital is also getting in the game.