Japanese firm Metaplanet buys more bitcoin, taking holdings to over $10 million

Japanese investment firm Metaplanet announced shortly after the Tokyo Stock Exchange closed on Monday that it had purchased an additional 20.195 BTC for 200 yen .

On June 24, Metaplanet announced its board of directors agreed to purchase bitcoin worth 1 billion yen using capital raised through an upcoming bond issuance. ​​“The move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of negative real interest rates, and the consequently weak yen,” the company said in May.

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