Tokyo-based investment firm Metaplanet has acquired an additional 107.913 Bitcoin worth ¥1 billion ($7 million), bringing their total holdings to around 506 BTC valued at $32 million.
Metaplanet has been consistently buying Bitcoin on a monthly basis, viewing it as a strategic treasury reserve asset despite market fluctuations.
The company's stock has gained 495% year-to-date following its Bitcoin strategy announcement, indicating investor confidence.
Metaplanet's Bitcoin strategy aligns with the global trend of corporations diversifying their treasury reserves with Bitcoin as a hedge against inflation and currency devaluation.