Wed, January 1, 2025
Tue, December 31, 2024
[ Tue, Dec 31st 2024 ]: Salon
5 thought-provoking books of 2024
Mon, December 30, 2024
Sun, December 29, 2024
Sat, December 28, 2024
Fri, December 27, 2024
[ Fri, Dec 27th 2024 ]: AOL
Working for Sean Combs
Thu, December 26, 2024
Wed, December 25, 2024
[ Wed, Dec 25th 2024 ]: AOL
Should You Buy the Dip in AMD Stock?
Tue, December 24, 2024
[ Tue, Dec 24th 2024 ]: CNBC
LoanDepot mortgage review 2024
[ Tue, Dec 24th 2024 ]: mwnation
Govt hikes social cash transfer
Thu, December 19, 2024
Wed, December 18, 2024
[ Wed, Dec 18th 2024 ]: MoneyWeek
Five stocks for 2025

Metaplanet Makes Largest Bitcoin Purchase, Scooping Up 620 BTC

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. argest-bitcoin-purchase-scooping-up-620-btc.html
  Print publication without navigation Published in Business and Finance on by MSN
          🞛 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 ]