[Brief]
According to CoinDesk, Japanese publicly traded company Metaplanet has made another major Bitcoin purchase, investing approximately $170 million to expand its total Bitcoin holdings to 43,000 BTC. This move solidifies Metaplanet’s position as the world’s third-largest publicly traded Bitcoin holder, behind only Strategy (formerly MicroStrategy) and MARA Holdings.
The company’s latest financial report shows strong performance in its “Bitcoin Income Generation” business line, creating additional yield from its Bitcoin holdings through staking and other on-chain strategies. Metaplanet’s aggressive accumulation strategy is seen as a landmark case of Asian companies following the MicroStrategy (now Strategy) playbook, and reflects growing recognition among Japanese public companies of Bitcoin as a reserve asset.
Editor: GoodInfo Global News Team