Japanese investment consultancy firm Metaplanet has announced that it has purchased 20.2 Bitcoins (BTC) to increase its BTC holdings in its treasury. The Tokyo-based company revealed that it bought 200 million yen ($1.2 million) worth of Bitcoin, bringing its total assets to 161.3 BTC. This move is part of Metaplanet’s investment strategy, which aims to capitalize on the changing investment landscape caused by the Covid pandemic. The company plans to acquire an additional $6 million worth of BTC in the near future. This approach mirrors that of software developer MicroStrategy, which has been accumulating BTC for four years and now owns over 226 BTC. Following the announcement, Metaplanet’s shares rose by 1%. Please note that this article does not constitute investment advice.
