Metaplanet, a Tokyo-based public company, has revealed that it has acquired more bitcoin for its treasury holdings.
According to disclosure statements, Metaplanet acquired 21.877 bitcoin, spending about $1.26 million (200 million Japanese yen) for this purpose.
Now, Metaplanet holds 225.61 bitcoin, having paid a little over $14.17 million for the cryptocurrency acquired.
In May, the company compromised on following a “bitcoin first” strategy, explaining that it would leverage it to face the devaluation of the Japanese yen.
Also, it seeks to become an interesting option for investors seeking a Japanese bitcoin proxy like Microstrategy.
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Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.