💠Japanese investment company Metaplanet has acquired 23.35 BTC worth $1.58 million. After the purchase, the company’s Bitcoin assets grew to 141.07 BTC ($9.54 million). The average price of a single Bitcoin purchase was approximately $65,300.
💠The company stated that it intends to use cryptocurrency as a strategic reserve asset for its treasury in response to ongoing economic difficulties in Japan — including high levels of government debt and a decline in the real interest rate.
💠Following the news of the digital asset acquisition, Metaplanet’s shares soared to 89 yen at the close of trading on Tuesday. Notably, in April 2024, they were trading at 19 yen. Over the past 24 hours, the increase was 9.88%.
💠According to BitcoinTreasuries, public companies worldwide own more than 308,500 BTC. The leader of this ranking is Microstrategy, led by Michael Saylor, which holds 214,400 BTC.