Metaplanet, a Tokyo-based public company, has revealed that it has acquired more bitcoin for its treasury holdings. According to disclosure statements, Metaplanet acquired 21.877 bitcoin, spending about $1.26 million (200 million Japanese yen) for this purpose. Now, Metaplanet holds 225.61 bitcoin, having paid a little over $14.17 million for the cryptocurrency acquired. In May, the company compromised on following a ā bitcoin firstā strategy, explaining that it would leverage it to face the devaluation of the Japanese yen. Also, it seeks to become an interesting option for investors seeking a Japanese bitcoin proxy like Microstrategy.
Tokyo-Based Metaplanet Adds Almost 22 More Bitcoin to Its Treasury
This article was published more than a year ago. Some information may no longer be current.
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