#MetaplanetBTCPurchase
**Metaplanet (Japan) Chooses Bitcoin as Treasury Reserve Asset**
Japanese investment company Metaplanet (formerly Red Planet) has caused a stir by intentionally amassing Bitcoin as a key treasury reserve asset. Beginning in April 2024, they have conducted several significant acquisitions (141.07 BTC as of early announcements), some of which have been financed by yen bond issuance. This aggressive action directly counters Japan's significant government debt and ongoing weakness in the yen.
Metaplanet, which is listed on the Tokyo Stock Exchange under the symbol 3405.T, employs a MicroStrategy-style approach. Investor interest was evident in their shares' rise after the declarations. Metaplanet, signaling increasing institutional interest, places the firm at the head of business Bitcoin adoption in Asia and sees Bitcoin as a better long-term store of value than the yen.
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