The company adopted bitcoin as a reserve asset in May as a hedge against volatility of Japan’s native currency. It now has the second-largest bitcoin stash among Asia-listed companies, behind Hong Kong-based technology firm Meitu (1357), which holds around 941 BTC, according to Bitcoin Treasuries. Both companies trail behind Tysons Corner, Virginia-based MicroStrategy, which has more than 252,000 and is the largest publicly traded owner of the token.
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Jamie Crawley
https://www.coindesk.com/business/2024/10/07/japans-metaplanet-buys-another-67m-worth-of-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-10-07 08:47:54
