A company listed on the Tokyo Stock Exchange metaplanetin his statement BitcoinHe announced that he adopted ‘ as the main treasury asset.
at this point Japanese publicly traded company Metaplanet said it has allocated ¥1 billion (about $6.56 million) to Bitcoin as part of a significant shift in its financial strategy.
Metaplanet added BTC to its balance sheet along with crypto investors like Morgan Creek Capital’s Mark Yusko and Sora Ventures.
The company stated the following in its statement:
“The company’s decision to include Bitcoin in its treasury holdings stems from a well-rounded understanding of Bitcoin’s potential as a hedge against inflation, a tool for macroeconomic resilience, and a basis for long-term capital appreciation.”
Metaplanet BTC Its shares increased by 90% after the move.
This is Metaplanet BTC It was also stated that the move would allow the Japanese to gain exposure to Bitcoin without paying high unrealized gains taxes.
*This is not investment advice.
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