Tokyo-based investment and consulting giant MetaPlanet explained the plans:
“Bitcoin is considered the gold standard of digital currency, continuing to attract large institutional investments. MetaPlanet’s strategic plan underscores its confidence in Bitcoin’s long-term potential. This has not gone unnoticed by market observers and investors alike.”
The investment company’s administration intends to follow the strategy of the American company MicroStrategy, which has become one of the largest holders of bitcoin in the world. Since the first purchase of the crypto asset in April, MetaPlanet shares have grown by about 368%, which, the company’s representatives believe, indicates that investors approve of the transition to cryptocurrency.
MetaPlanet is now the world’s 30th largest corporate holder of BTC.
In mid-July, MetaPlanet purchased a batch of 21.88 BTC worth 200 million yen (about $1.2 million). MetaPlanet currently holds 225.6 BTC, valued at $14.6 million.
Source: Bits
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