Japanese investment firm Metaplanet declared Monday that it to its portfolio for 1 billion yen ($6.7m).
This acquisition raises the firm’s total Bitcoin holdings to 639.5, valued at 5.96 billion yen, or about $40m.
*Metaplanet purchases additional 108.78 * — Metaplanet Inc. (@Metaplanet_JP) Bitcoin-Focused Treasury Strategy Mirrors MicroStrategy’s Approach
Metaplanet has for a while been aggressively pursuing a Bitcoin acquisition strategy. This move marks a shift in how it manages its corporate treasury. Metaplanet, also known as “Asia’s MicroStrategy,” appears to follow the bold Bitcoin investment approach championed by Michael Saylor.
This acquisition raises the firm’s total Bitcoin holdings to 639.5, valued at 5.96 billion yen, or about $40m.
*Metaplanet purchases additional 108.78 * — Metaplanet Inc. (@Metaplanet_JP) Bitcoin-Focused Treasury Strategy Mirrors MicroStrategy’s Approach
Metaplanet has for a while been aggressively pursuing a Bitcoin acquisition strategy. This move marks a shift in how it manages its corporate treasury. Metaplanet, also known as “Asia’s MicroStrategy,” appears to follow the bold Bitcoin investment approach championed by Michael Saylor.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.