Metaplanet buys the dip with 150-BTC purchase 🇯🇵
Metaplanet, a Japanese Bitcoin treasury company, recently acquired an additional 150 Bitcoin, amounting to $12.6 million. This recent purchase is part of its strategic plan to possess 21,000 BTC by 2026. Despite this acquisition, the company saw a slight decrease of 0.5% in its stock price.
Currently, Metaplanet holds 3,200 BTC, valued at $261.8 million. The company's approach, likened to MicroStrategy, involves issuing company shares to fund Bitcoin purchases.
Metaplanet has become the 11th-largest corporate Bitcoin holder globally and the largest in Asia, reflecting growing investor interest.
Japan's favorable evolving attitude towards digital assets is influencing Metaplanet's growth and reshaping the crypto landscape.
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