Japan’s MicroStrategy Imitator Metaplanet Buys Additional 21.88 Bitcoin

Japanese public company Metaplanet, often referred as ‘Asia’s MicroStrategy,’ has amassed a fresh round of Bitcoins on Tuesday. The company has purchased additional 21.88 Bitcoins, worth $1.4 million — an average price of $57,600 per coin. The recent acquisition brings to a total of 225.611 Bitcoin reserves, amounting to $14.57 million at press time. The leading cryptocurrency is seen trading at $64,599.2 on early Tuesday. Metaplanet has been steadily purchasing Bitcoins since April, making BTC its strategic treasury reserve asset. The reason for the company to add Bitcoin to its treasury is to diversify from the weak Japanese yen.

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