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Tokyo Stock Exchange-listed Metaplanet has purchased 117.7 bitcoins ($7.19 million) since April. “Metaplanet has acquired bitcoin as a strategic reserve asset. The move is a direct response to ongoing economic pressures in Japan, particularly high government debt levels, prolonged negative real interest rates, and the resulting weakness of the yen,” the company said. Metaplanet is an early-stage investment firm that currently focuses solely on bitcoin, as well as commercial real estate. (CoinDesk)

Tokyo Stock Exchange-listed Metaplanet has purchased 117.7 bitcoins ($7.19 million) since April. “Metaplanet has acquired bitcoin as a strategic reserve asset. The move is a direct response to ongoing economic pressures in Japan, particularly high government debt levels, prolonged negative real interest rates, and the resulting weakness of the yen,” the company said. Metaplanet is an early-stage investment firm that currently focuses solely on bitcoin, as well as commercial real estate. (CoinDesk)

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