Metaplanet Inc., a company listed on the Tokyo Stock Exchange, has announced the acquisition of 156.78 Bitcoin (BTC) from the secondary market. This purchase follows a major fundraising effort through the sale of stock, demonstrating the company's commitment to strengthening its strategy involving Bitcoin investments.
The total investment amounts to approximately ¥1.6 billion, equating to an average price of around ¥10.2 million per Bitcoin. This move indicates Metaplanet's faith in Bitcoin's potential and aligns with its broader financial strategy.
By increasing its Bitcoin holdings, Metaplanet aims to enhance its financial reserves, likely as a hedge against conventional market volatility. This step reflects a growing trend among enterprises diversifying with digital assets.
