Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Metaplanet, a publicly traded company located in Tokyo, has announced that it has increased its bitcoin treasury holdings.
As per disclosure documents, Metaplanet has purchased 21.877 bitcoin, investing approximately $1.26 million (200 million Japanese yen) for this acquisition.
Related Posts
Currently, Metaplanet’s total bitcoin holdings amount to 225.61, with a total expenditure of just over $14.17 million for the cryptocurrency obtained.
In May, the firm committed to a “bitcoin first” approach, indicating that it would utilize this strategy to counteract the depreciation of the Japanese yen.
Additionally, it aims to position itself as an appealing choice for investors looking for a Japanese bitcoin proxy similar to Microstrategy.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
