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Metaplanet Increases Bitcoin Holdings to 400 BTC with ¥300 Million Investment Blockonomi 10 sept. 2024

Metaplanet Increases Bitcoin Holdings to 400 BTC with ¥300 Million Investment 💰

Japan Bitcoin Metaplanet SBI VC Trade

Metaplanet purchased ¥300 million worth of Bitcoin, increasing its total holdings to roughly 400 BTC. The company used funds from exercised stock options to finance the purchase.

Metaplanet partnered with SBI VC Trade for Bitcoin trading and custody services. The firm views Bitcoin as a hedge against yen depreciation and high government debt.

Institutional demand for Bitcoin continues to grow, making this investment a strategic move for Metaplanet.

Source : blockonomi.com ↗

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