Key facts:
So far, the Japanese company has 398 bitcoins stored.
Metaplanet follows the strategy of Michael Saylor and Microstrategy.
On Tuesday, September 10, investment and consulting firm Metaplanet announced the purchase of 38.4 bitcoin (BTC), worth approximately USD 2 million, increasing its total reserve to 398.8 BTC. This acquisition aligns with Michael Saylor and MicroStrategy’s strategy, focusing on the accumulation of bitcoin as a store of value.
To date, Metaplanet has invested USD 27.6 million in bitcoin, reflecting a clear commitment to this digital currency as a treasury asset. In just one month, the company increased its holdings with the purchase of almost 100 BTC, which underlines an acceleration in its purchasing strategy.
This move not only marks a milestone in corporate adoption of bitcoin in Japan, but also follows a trend of asset diversification and seeks to mitigate exposure to the Japanese yen.which has faced significant devaluations.
This development follows a trend of corporate adoption of BTC, where Metaplanet —as CriptoNoticias has reported in previous publications— is positioned as a leader in Japan, similar to what MicroStrategy has done in the United States under the direction of Michael Saylor.
Metaplanet’s decision to invest in bitcoin is based on the view that the asset can act as a hedge against inflation and as a tool for macroeconomic resiliencewhile offering long-term capital appreciation.
With this acquisition, Metaplanet strengthens its position as the entity with the largest amount of accumulated BTC. The company is already among the 30 public companies with the largest BTC reserves, according to the data from Bitcoin Treasuries.
This article was created using artificial intelligence and edited by a human on the editorial staff.
