#MetaplanetBTCPurchase Bitcoin is the purchase action of Bitcoin by the Japanese company, Metaplanet, as part of their strategy to adopt Bitcoin as a treasury asset (financial reserve).

### **Key Points:**

1. **Reason:**

- Reducing the risk from the weakening Japanese Yen.

- Following a similar strategy as MicroStrategy (the company known for allocating large funds to Bitcoin).

2. **Purchase Amount:**

- In June 2024, Metaplanet announced the purchase of **1.1 Billion Yen (approximately $6.5 million)** in the form of Bitcoin.

3. **Purpose:**

- Diversifying the company’s assets.

- Hedging against inflation and the weakness of fiat currencies.

4. **Impact:**

- Increasing investor confidence in Bitcoin as an institutional asset.

- Strengthening the trend of public companies allocating funds to cryptocurrency.

Metaplanet has become one of the first companies in Japan to openly adopt Bitcoin in its financial strategy. 🚀

My name is Haqi and I hate fiat, that's all, thank you.