Japanese Company Metaplanet Increases Bitcoin Buying

- Metaplanet, a listed investment company in Tokyo, has just announced that it has purchased an additional 21,877 BTC, bringing its total Bitcoin holdings to 225,611 BTC, worth nearly $14.8 million.

- This investment strategy has paid off as Metaplanet's shares have skyrocketed 60% in the past 5 days, reaching ¥145, and are up 800% year to date.

- Metaplanet is currently the 21st largest BTC holding company in the world, according to CoinGecko. The company started buying Bitcoin in April and continued to buy more in the following months.

- Dubbed the "MicroStrategy of Asia," Metaplanet has funded Bitcoin purchases through bond issuance, highlighting the growing trend of institutions investing in BTC.

- Metaplanet considers Bitcoin to be a superior asset compared to political currencies and other traditional investment assets, thanks to its scarcity and pegged monetary policy until 2140.

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