Metaplanet Inc., a Japanese investment firm, has significantly increased its Bitcoin holdings by purchasing an additional 107.91 BTC, bringing its total to over 500 BTC. This move solidifies Metaplanet’s position as the largest corporate holder of Bitcoin in Japan and highlights the growing interest in cryptocurrencies as a hedge against economic uncertainty.
Japanese company Metaplanet has further increased its Bitcoin holdings by purchasing 38.6 BTC for $2.2 million, bringing its total to over 398 BTC. This move follows the company’s August announcement of a 10.08 billion yen fundraising plan aimed at expanding its Bitcoin reserves. Metaplanet’s aggressive Bitcoin strategy mirrors that of MicroStrategy, demonstrating the growing trend of companies using debt to capitalize on Bitcoin’s potential appreciation.
