Global #Metaplanet

Tokyo-listed tech firm Metaplanet has executed a major financial move, borrowing $100 million against its substantial Bitcoin treasury.

Despite recent market volatility, the third quarter of this year saw a record surge in Bitcoin adoption by public companies,

Metaplanet, a publicly traded Japanese company that has adopted Bitcoin as its primary treasury reserve, has entered "uncharted territory" as its enterprise value has fallen below the value of its Bitcoin holdings for the first time on record.

Japanese firm Metaplanet has significantly scaled up its Bitcoin treasury, announcing a purchase of 5,268 BTC for 91.6 billion Japanese yen ($623 million).

The strategy of companies holding Bitcoin on their balance sheets is facing a major test as their stock prices are falling far behind the performance of Bitcoin itself.

Metaplanet Inc., a publicly traded Japanese investment company, has announced a significant move to expand its Bitcoin holdings.