#MetaplanetBTCPurchase
#MetaplanetBTC Purchase: Japanese Firm Doubles Down on Bitcoin Strategy
Tokyo-listed Metaplanet has announced another major Bitcoin purchase, adding ¥400 million ($2.5M) worth of BTC to its corporate treasury. This follows its initial ¥1 billion Bitcoin adoption in June, solidifying its pro-crypto stance as a hedge against Japan's economic challenges.
The move mirrors MicroStrategy's playbook, using Bitcoin as a reserve asset amid yen weakness and negative real interest rates.
Metaplanet's stock surged 10% on the news as investors cheer its aggressive crypto strategy.
With Japan's debt crisis deepening, could more firms follow Metaplanet's lead?
