Japanese corporation Metaplanet has announced plans to increase its holdings of Bitcoin (BTC). The company, as part of its expansion strategy, revealed its intentions to purchase more Bitcoin in a corporate report. The total amount to be spent on Bitcoin is 299,700,000 yen, and the purchase will be made using funds received from the exercise of warrants. Metaplanet has previously made multiple Bitcoin purchases and has received praise for its efforts to diversify its assets and boost its crypto holdings. The announcement comes as the price of Bitcoin faces market pessimism and trades around $55,000.



Other News from Today