Business and Finance Business and Finance
Wed, December 25, 2024
[ Wed, Dec 25th 2024 ] - MSN
Best 3D Platformer Games For Beginners
[ Wed, Dec 25th 2024 ] - MSN
Govt spending improved in Nov
[ Wed, Dec 25th 2024 ] - Newsweek
Russia-Ukraine War
[ Wed, Dec 25th 2024 ] - MSN
MMSU pushing off-season tomato variety
[ Wed, Dec 25th 2024 ] - MSN
Where is the GOP's 'war on Christmas'?
[ Wed, Dec 25th 2024 ] - Yahoo
Every Bob Dylan Album, Ranked
[ Wed, Dec 25th 2024 ] - MSN
Three area sheriffs receive OK grants
[ Wed, Dec 25th 2024 ] - MSN
How To Stop Wasting Your Life
[ Wed, Dec 25th 2024 ] - MSN
What To Know and Do About a Broken Leg

Metaplanet Makes Largest Bitcoin Purchase, Scooping Up 620 BTC


Published on 2024-12-25 04:20:47 - MSN
  Print publication without navigation

  • 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 ]