Metaplanet Buys More Bitcoin, Following MicroStrategy's Lead

IconCryptoNewsTerminal Staff11 Jun, 2024

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Metaplanet Buys More Bitcoin, Following MicroStrategy's Lead

Metaplanet, a Japanese publicly traded company, has purchased an additional 23.35 Bitcoin (BTC), worth approximately $1.6 million. This move mirrors MicroStrategy's strategy of incorporating Bitcoin into its assets. Metaplanet now holds a total of 141 BTC, a significant increase from its previous holdings. The company's board of directors had previously approved the purchase. This acquisition is a testament to the growing recognition of Bitcoin as a valuable asset. As more companies follow Metaplanet and MicroStrategy's lead, the adoption and mainstream acceptance of Bitcoin is likely to accelerate.

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