Metaplanet Expands Bitcoin Portfolio to Over 630 BTC with Latest Purchase

Japanese investment firm Metaplanet declared Monday that it added another 108.78 Bitcoin to its portfolio for 1 billion yen ($6.7m). This acquisition raises the firm’s total Bitcoin holdings to 639.5, valued at 5.96 billion yen, or about $40m. Metaplanet has for a while been aggressively pursuing a Bitcoin acquisition strategy. This move marks a shift in how it manages its corporate treasury. Metaplanet, also known as “Asia’s MicroStrategy,” appears to follow the bold Bitcoin investment approach championed by Michael Saylor. The company adopted Bitcoin to counter traditional economic challenges.

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