Global #Metaplanet

Japanese firm Metaplanet is making a bold move amidst the weakening yen by investing one billion Japanese yen (approximately $6.5 million USD) into Bitcoin.

Metaplanet, the Japanese company focused on bridging the gap between Web2 and Web3, saw its shares surge again today after announcing its third million-dollar purchase of Bitcoin. This latest investment follows a similar strategy employed by MicroStrategy, a company known for holding a significant amount of Bitcoin in its treasury reserves.

Metaplanet, a Japanese investment firm taking cues from MicroStrategy's Bitcoin playbook, has witnessed an extraordinary surge in its stock price, soaring by 158% in the past week, making it the top gainer among all Japanese stocks.

Metaplanet, a company listed on the Tokyo Stock Exchange, has declared Bitcoin as its strategic reserve asset in response to the ongoing economic uncertainties in Japan.

Metaplanet, a Japan-based Web3 company, has recently disclosed its purchase of additional Bitcoin worth ¥200 million, equivalent to $1.25 million.

On April 8, 2024, Metaplanet, a firm listed on the Tokyo Stock Exchange, declared that it would accept Bitcoin as a primary treasury asset.