Metaplanet, also known as the 'Asian MicroStrategy,' plans to acquire more Bitcoin (BTC) despite the ongoing downturn in the cryptocurrency market. The Japanese investment firm recently announced its 11th series of stock acquisition rights to achieve this, according to a previous update.
Metaplanet's strategy appears to be following the footsteps of MicroStrategy, albeit cautiously. Investors are particularly focused on the macroeconomic factors affecting Bitcoin, including regulatory changes and market volatility.
This move by Metaplanet underlines their long-term bullish stance on Bitcoin and demonstrates continued confidence in the cryptocurrency's potential to reach $60,000.
Source: www.thecoinrepublic.com ↗
