Business and Finance Business and Finance
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


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 ]

Publication Contributing Sources