Japanese Public Company Metaplanet Adds 42.47 BTC to Treasury

IconCryptoNewsTerminal Staff07 Jul, 2024

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Japanese Public Company Metaplanet Adds 42.47 BTC to Treasury

Metaplanet, a publicly traded Japanese company with a MicroStrategy-like strategy of accumulating Bitcoin as a reserve asset, has announced the purchase of an additional 42.47 BTC. This acquisition brings Metaplanet's total Bitcoin holdings to a significant amount. The latest purchase follows Metaplanet's earlier declaration of plans to issue bonds worth 1 billion yen (approximately $87 million) to further expand its Bitcoin reserves. This move demonstrates the company's unwavering commitment to Bitcoin as a long-term investment.

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