Japanese firm Metaplanet makes a bold move by purchasing $6.5 million worth of Bitcoin as part of its corporate treasury strategy, following in the footsteps of MicroStrategy. The publicly traded company listed on the Tokyo Stock Exchange cited currency devaluation and inflation risks as motivations for the purchase, which is supported by partners like Mark Yusko and UTXO Management. With a stock price spike of 89.47% following the announcement, Metaplanet aims to benefit from Bitcoin’s potential upside while mitigating risks. This move also provides Japanese investors with indirect Bitcoin exposure in a tax-advantaged structure, paving the way for more institutional adoption in the region. The announcement is seen as a bullish sign for Bitcoin’s traction in Asia, offering investors a regulated path to gain BTC exposure.
