Metaplanet, a publicly-listed Japanese company providing hotel-related and other services, has announced the purchase of ¥1 billion (approximately $6.25 million) worth of Bitcoin.
NEW: 🇯🇵 Japanese Public Company Metaplanet just bought $6.25 million worth of #Bitcoin
Game theory has started playing out 🚀 pic.twitter.com/EJ19mcO9QF
— Bitcoin Magazine (@BitcoinMagazine) April 26, 2024
The company, which is listed on the Tokyo Stock Exchange, declared its intention to adopt Bitcoin as a treasury reserve asset earlier this month on X. Metaplanet stated its plan to buy ¥1 billion in Bitcoin as an initial commitment.
The company’s recent announcement on X revealed that they have fulfilled their commitment, purchasing ¥1 billion worth of Bitcoin.
This move closely mimics the strategy employed by MicroStrategy, a U.S.-based company that has been accumulating Bitcoin since 2020. MicroStrategy’s Bitcoin purchases have led to a dramatic increase in its share price
We współpracy z: https://bitcoinmagazine.com/business/asias-microstrategy-metaplanet-buys-1-billion-bitcoin-yen
