Metaplanet, a financial company, made the strategic decision to start purchasing Bitcoin in April of this year. The move was prompted by concerns over Japan’s debt issues and the volatility of the yen. Since then, Metaplanet has been steadily accumulating Bitcoin, amassing a total of 1,018 BTC, which is currently valued at $92.33 million.
According to data from Bitcoin Treasuries, Metaplanet has not only acquired Bitcoin through direct purchases but has also utilized options strategies to further bolster its holdings.
This proactive approach to investing in Bitcoin reflects a growing trend among institutional investors who view the cryptocurrency as a valuable asset for hedging against economic uncertainties.
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