Metaplanet, a publicly traded company based in Tokyo, has recently announced that it has successfully acquired bitcoin worth 400 million yen (equivalent to nearly $2.5 million). The company’s decision to invest in bitcoin stems from its desire to safeguard its assets amidst the unpredictable Japanese economy and the devaluation of the yen. Metaplanet purchased a total of 42.466 bitcoin at an average price of $58,600 per bitcoin. As a result, the company now possesses over 200 bitcoin in its treasury, having expended over 2 billion yen (approximately $12.5 million) to accumulate this digital currency.
