The company bought another 1 billion yen worth of bitcoin, or about $6.5 million. The company has invested more than $45 million in BTC since April 2024. Metaplanet, nicknamed the “Japanese MicroStrategy,” announced this Friday, October 11, the acquisition of an additional 108.9 BTC. The company invested 1 billion yen in this purchase, which is equivalent to just over 6.5 million dollars. With this operation, Metaplanet already owns around 750 bitcoin, valued at approximately $45.7 million. Since April 2024, the company has made more than 14 bitcoin purchasesadding a total investment that exceeds 40 million dollars. This accumulation strategy has been constant throughout the months of April, May, June, July, August, September and October, as seen in BitcoinTreasuries.
Metaplanet announced the purchase of more bitcoin this October 11. Source: X. Metaplanet's interest in bitcoin is not new, but the speed and amount of its recent acquisitions have captured the market's attention. The company follows the path set by Michael Saylor and his company MicroStrategy, who have made this digital currency an integral part of their treasury.
Saylor's strategy is to view bitcoin not just as a store of value, but as a kind of digital gold that protects against inflation and the volatility of traditional fiat currencies. Recently, Metaplanet adopted an additional tactic to increase its bitcoin holdings: selling BTC options. This maneuver, as reported by BitcoinDynamic, allows the company earn additional income that can be reinvested in more bitcoin. Comparatively, Metaplanet now holds more BTC than companies like Mercado Libre, which according to BitcoinTreasuries, has accumulated 412 BTC. This fact highlights Metaplanet's aggressive position in the bitcoin market, positioning itself as one of the companies with the largest BTC holdings in its class. Metaplanet's decision to continue investing in bitcoin despite market volatility reflects long-term confidence in the value of this digital currency. The company not only seeks to diversify its investment portfolio, but also position itself at the forefront of global financial trends, where BTC and other digital assets play an increasingly significant role.
This article was created using artificial intelligence and edited by a human Editor.