Leading Japanese company Metaplanet recently announced its investment in cryptocurrency. Company Bitcoin announced that it allocated 200 Million Yen ($1.25 million) for the acquisition.
Metaplanet’s decision to invest in Bitcoin has attracted the attention of both investors and industry observers. The company’s interest in BTC, which is frequently on the agenda with its investment decisions, also attracted attention.
The company officially confirmed its investments with the report published today. The company allocated 10,193,536 Yen per BTC and purchased 117.7 Bitcoin. On the other hand, the company also announced in April that it would purchase BTC with a budget of 6.25 million dollars (1 billion Yen).
Metaplanet’s decision to adopt Bitcoin as its primary treasury asset represents more than a strategic move. The company attracts attention by being very bold in taking advantage of different instruments of the developing financial world. By investing in BTC, Metaplanet aims to position itself as a pioneer in Japan’s digital finance ecosystem and a pioneer in cryptocurrency adoption.
Bitcoin is trading higher today at $62,757. Transaction volume increased by nearly 2%, reaching 18.2 billion dollars. Its market value is around 1.23 trillion dollars.
