Metaplanet, a prominent Japanese public company, has further increased its Bitcoin holdings with a new purchase of ¥500 million worth of BTC, announced CEO Simon Gerovich on X.
This recent acquisition raises Metaplanet’s total Bitcoin reserves to approximately 303 BTC, valued at close to $18 million.
The purchase follows the company’s recent announcement of securing a ¥1 billion loan specifically for Bitcoin investments.
Additionally, Metaplanet plans to generate around $70 million through a stock rights offering, with about $58 million earmarked for more Bitcoin acquisitions.
Despite Bitcoin’s market downturn, Metaplanet remains dedicated to leveraging the cryptocurrency as a treasury reserve asset. This strategy aims to provide Japanese investors with Bitcoin exposure and take advantage of favorable tax conditions.
Inspired by MicroStrategy’s approach in the US, Metaplanet sees Bitcoin as a long-term strategic investment and a safeguard against the yen’s depreciation and Japan’s significant government debt.
Gold advocate Peter Schiff issued a stark warning on monetary policy and sparked fresh debate about Bitcoin’s perceived scarcity. In a pair of high-profile posts on July 12, Schiff criticized the current Fed rate stance and challenged the logic behind Bitcoin’s 21 million supply cap.
A sharp divergence has emerged between Bitcoin’s exchange balances and its surging market price—signaling renewed long-term accumulation and supply tightening.
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