Coinspeaker
Japanese Metaplanet’s Purchase of Bitcoin Worth $6.25M Signals Growing Corporate Adoption

Metaplanet, a Japanese company that deals in Web3 consulting, real estate development, and other services, recently announced its purchase of ¥1 billion worth of Bitcoin, which is approximately $6.25 million.

Earlier this month, Metaplanet released a post on their X page stating that there will be a shift in their business strategy as they are ready to adopt BTC as the core treasury asset of the company. They further revealed that the web3 consulting company will deposit an initial JPY 1 billion in the digital asset. This decision, according to the company, is part of their goal of leading a future where finance meets innovation.

The plan has therefore been brought to reality, as it was stated in a follow-up post that it has successfully purchased the said amount of digital assets. The tweet revealed:

“On April 22, 2024, Metaplanet completed its initial purchase of 97.85 bitcoins at an aggregate purchase price of JPY 1 billion.”

A Confidence Boost for Invest...