Tokyo-listed investment firm Metaplanet has bought another 20.195 BTC worth $1.2 million, according to an announcement on Monday.
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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