#MetaplanetBTCPurchase đ Japanâs âMicroStrategyâ Doubles Down on Bitcoin with $6.9M Buy! đ
Tokyo-listed Metaplanet (3350:JP) just purchased 100 BTC ($6.9M) at $69,000/BTC, expanding its treasury to 240 BTC ($16.5M) as Japanâs yen crisis deepens. Hereâs why traders are watching:
đĽÂ 3 Key Takeaways:
1ď¸âŁÂ Corporate Adoption: Metaplanet mirrors MicroStrategyâs playbook, using BTC as a hedge against Japanâs 152% debt-to-GDP ratio and weak yen.
2ď¸âŁÂ Market Impact: Bitcoin held $105K support post-announcement, with Asia-Pacific trading volume spiking 18% .
3ď¸âŁÂ Regulatory Tailwind: Japanâs pro-crypto PM Kishida may fast-track Bitcoin ETF approvals, fueling institutional demand.
đĄÂ Pro Tip: Watch BTC/JPY pairs â Metaplanetâs move could trigger more Japanese firms to allocate to crypto.
â ď¸Â Volatility Alert: Metaplanet shares dipped 2% on the news â buy the rumor, sell the news?
Did You Know? Metaplanetâs BTC stash is now worth 2.3x its market cap pre-BTC strategy.
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