This Japanese company, #metaplanet , recently bought 1111 bitcoins during the tense situation in the Middle East and the decline in bitcoin prices, which is quite interesting.
They focused on bitcoin, believing it could hedge against the depreciation of the yen and the risks of Japan's long-term low interest rates, so they began to make significant purchases. Buying 1111 bitcoins this time is just a routine operation for them, continuing to implement their bitcoin strategy.
During the tense period in the Middle East, it was also appropriate for Metaplanet to buy at this time, since the prices were relatively lower.
The market reacted quite positively to Metaplanet's move, with their stock price rising by 17%. Experts are also optimistic about the future trend of bitcoin, believing it can rise to 150,000, or even 300,000 USD. Although there may be short-term corrections, the long-term outlook is bullish.
The next 10x coin is about to be born, and on July 30th, which is the day of the interest rate cut, the code for the 10x coin will be announced. Please stay tuned.
