Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
Metplanet bought an additional $1.6 million worth of bitcoin, bringing its total holdings up to $9.4 million.purchase, worth 250 million yen , taking its holdings of the largest cryptocurrency to 141 BTC, a value of about $9.4 million.to reduce its exposure to risk arising from Japan's debt burden and the resulting volatility in the yen.
In 2023, the government's net debt to gross domestic product ratio was theMetaplanet's bitcoin strategy mirrors that of Tysons Corner, Virginia-based software developer MicroStrategy , which has accumulated 214,400 BTC worth $14.3 billion since it started purchasing the asset in 2020 and is thein a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
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