Japan’s Metaplanet Buys One other $6.7M Value of Bitcoin

The corporate adopted bitcoin as a reserve asset in Could as a hedge in opposition to volatility of Japan’s native forex. It now has the second-largest bitcoin stash amongst Asia-listed corporations, behind Hong Kong-based expertise agency Meitu (1357), which holds round 941 BTC, in line with Bitcoin Treasuries. Each corporations path behind Tysons Nook, Virginia-based MicroStrategy, which has greater than 252,000 and is the most important publicly traded proprietor of the token.