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News Explorer — Metaplanet Buys Another $3.4M Worth of Bitcoin

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Aug 13, 9:08 am
bitcoinmagazine.com

Metaplanet Buys Another $3.4M Worth of Bitcoin

Metaplanet, a Japanese investment firm, has purchased an additional ¥500 million ($3.4 million) worth of Bitcoin, bringing its total holdings to 303 bitcoins acquired for ¥2.95 billion ($20 million). The company has been aggressively accumulating Bitcoin to strengthen its balance sheet and hedge against yen depreciation. Metaplanet is positioning itself as a publicly traded proxy for Bitcoin exposure in Japan.

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