Metaplanet Inc. has increased its Bitcoin holdings by acquiring 42.47 BTC, demonstrating its commitment to diversifying assets and hedging against market volatility.
Points
- Metaplanet Inc. acquired 42.47 Bitcoins for 400 million yen.
- This purchase increases Metaplanet’s total Bitcoin holdings to 203.73 BTC.
- The acquisition is part of a broader strategy to diversify assets and hedge against market volatility.
Metaplanet Inc., an early-stage investment firm, has recently made a significant move in the cryptocurrency market. On July 8, 2024, the company announced that it had purchased an additional 42.47 Bitcoins. This purchase follows a previous announcement on June 24, 2024, where Metaplanet disclosed its plan to invest 1 billion yen in Bitcoin. The company’s board of directors