#MetaplanetBTCPurchase Metaplanet, a Japanese investment firm known as "Asia's MicroStrategy," has been aggressively purchasing Bitcoin as part of its treasury reserve strategy. Here are the key details:
*Recent Purchases:*
- *620 BTC Purchase:* Metaplanet acquired 619.7 Bitcoin for $60 million at an average price of $96,000 per coin, bringing its total holdings to 1,762 BTC valued at around $168 million.
- *Average Purchase Price:* The firm has an average purchase price of $75,600 per Bitcoin for its total holdings.
- *Other Purchases:* Metaplanet has also made smaller purchases, including 107.9 Bitcoin valued at 1 billion yen ($7 million) and 108.78 Bitcoin for 1 billion yen ($6.7 million) ¹ ² ³.
*Investment Strategy:*
- *Bitcoin Adoption:* Metaplanet views Bitcoin as a hedge against inflation and currency instability, similar to MicroStrategy's approach.
- *Treasury Reserve:* The firm aims to shield itself from the yen's potential decline and capitalize on Bitcoin's expected future growth.
- *Partnerships:* Met
