Metaplanet Expands Bitcoin Holdings with $2.4 Million Purchase

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

WEN.O-4.12%

Source: Coinmarketcap

Updated: Jul 15 2024

Metaplanet Expands Bitcoin Holdings:
- Metaplanet, a Japanese investment firm, purchased 42.4 Bitcoin for $2.4 million to increase its Bitcoin holdings, aiming to use it as a strategic treasury reserve asset.
Growing Trend of Companies Investing in Bitcoin:
- More companies are considering investing in Bitcoin as a strategic asset on their balance sheets, following the example of firms like MicroStrategy, which has significantly increased its Bitcoin holdings.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Metaplanet Expands Bitcoin Holdings with $2.4 Million Purchase

About the author

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