tldr; Metaplanet, a Japanese public company listed on the Tokyo Stock Exchange, has shifted its treasury reserve to a Bitcoin-only policy, citing Japan’s economic challenges. The company now holds 117.7 BTC, valued at $32.71 million, and believes in Bitcoin’s advantages as a scarce digital commodity with a fixed supply. This move aims to protect against yen devaluation and position Metaplanet as a forward-thinking investment vehicle. Following this announcement, Bitcoin’s value rose by over 3%, surpassing $63K.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Metaplanet, a Japanese public company listed on the Tokyo Stock Exchange, has shifted its treasury reserve to a Bitcoin-only policy, citing Japan’s economic challenges. The company now holds 117.7 BTC, valued at $32.71 million, and believes in Bitcoin’s advantages as a scarce digital commodity with a fixed supply. This move aims to protect against yen devaluation and position Metaplanet as a forward-thinking investment vehicle. Following this announcement, Bitcoin’s value rose by over 3%, surpassing $63K.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.