Japanese investment firm Metaplanet adopts Bitcoin as a strategic reserve asset.
Japanese investment firm Metaplanet, listed in Tokyo, has adopted Bitcoin (BTC) as a strategic reserve asset, inspired by US-listed MicroStrategy's approach. Since April, Metaplanet has acquired 117.7 BTC worth $7.19 million, shifting focus solely to Bitcoin and commercial real estate investments. The move reflects Japan's high debt burden and the volatile national currency, the yen.
May 13, 2024
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