#MetaplanetBTCPurchase Metaplanet buys the dip with a purchase of 150 BTC

Metaplanet has issued approximately 44 million common shares to finance its BTC purchases, a strategy that has attracted investor interest.

A Japanese Bitcoin treasury company has bought an additional 150 Bitcoin, taking one step closer to its plan to acquire 21,000 BTC by 2026. The purchase on March 18 cost a total of 1.88 billion yen (12.6 million dollars) or 83,671 dollars per Bitcoin.

To date, Metaplanet has issued just over 44 million common shares to finance its Bitcoin purchases. The use of shares to raise funds to buy Bitcoin has earned the company the nickname "MicroStrategy of Asia," as its formula follows a similar approach to Michael Saylor's Strategy (formerly MicroStrategy).