Japanese firm Metaplanet to invest $58.76M in Bitcoin

Metaplanet to invest $58M in Bitcoin amid Japanese market rebound, calls it the 'apex monetary asset'

Metaplanet's significant Bitcoin investment highlights a growing trend of firms using cryptocurrency to hedge against economic instability. The post Metaplanet to invest $58M in Bitcoin amid Japanese market rebound, calls it the ‘apex monetary asset’ appeared first on Crypto Briefing.

Metaplanet shares Bitcoin strategy with $58.76 million investment plan

Japanese firm Metaplanet has announced a strategy to raise 10 billion yen ($69.13 million). Out of this, 8.5 billion ($58.76 million) is set aside for Bitcoin purchases. The decision was shared with the community via a notice regarding the gratis allotment of stock acquisition rights. According to the notice, all shareholders will receive the rights on September 5. Metaplanet’s bold $58.76 million Bitcoin strategy The notice stated the firm’s bo…

Japanese firm Metaplanet to invest $58.76M in Bitcoin

Metaplanet Inc. allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japan’s market volatility.