Tokyo-Based Metaplanet Adds Almost 22 More Bitcoin to Its Treasury

Metaplanet, a Tokyo-based public company, has revealed that it has acquired more bitcoin for its treasury holdings. 

According to disclosure statements, Metaplanet acquired 21.877 bitcoin, spending about $1.26 million (200 million Japanese yen) for this purpose. 

Now, Metaplanet holds 225.61 bitcoin, having paid a little over $14.17 million for the cryptocurrency acquired. 

In May, the company compromised on following a “bitcoin first” strategy, explaining that it would leverage it to face the devaluation of the Japanese yen. 

Also, it seeks to become an interesting option for investors seeking a Japanese bitcoin proxy like Microstrategy.

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