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Metaplanet Makes Largest Bitcoin Purchase Scooping Up 620 BT C

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. rgest-bitcoin-purchase-scooping-up-620-bt-c.html
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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  Japanese investment firm Metaplanet has made its largest Bitcoin purchase to date, acquiring almost 620 BTC as the cryptocurrency trades below $100,000. The Tokyo-based firm, known for its growing Bitcoin holdings,

Metaplanet, a Japanese investment firm, has significantly expanded its cryptocurrency holdings by purchasing an additional 620 bitcoins, bringing its total to 1,118 bitcoins. This move, valued at approximately $37.7 million, marks the company's largest single acquisition of bitcoin to date. The decision to increase its bitcoin reserves comes amidst a backdrop of economic uncertainty in Japan, characterized by a weakening yen and rising inflation. Metaplanet's strategy reflects a broader trend among investors seeking to hedge against inflation and currency devaluation through investments in digital assets. The firm's CEO, Yusuke Yoshida, has expressed confidence in bitcoin's potential as a store of value, especially in light of Japan's economic challenges.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/metaplanet-makes-largest-bitcoin-purchase-scooping-up-620-btc/ar-AA1wr96x ]