Overview
- Metaplanet purchased an additional 107.913 Bitcoin for approximately $6.9 million, funded by a loan from MMXX Ventures.
- The firm's total Bitcoin holdings have reached 506.745 BTC, valued at around $32.92 million.
- Metaplanet's Bitcoin strategy aims to hedge against yen volatility and Japan's debt burden.
- The company's stock has surged 420% since it began its Bitcoin investments in April 2024.
- Metaplanet is now the largest corporate Bitcoin holder in Japan, following the example set by U.S.-based MicroStrategy.