Japanese listed company Metaplanet increases its holdings of 20 more Bitcoins! Total holdings reached 161.3 BTC

1. Metaplanet, a Japanese listed company, announced on July 1 that it had purchased another 200,195 yen worth of Bitcoin, reaffirming its continued interest in Bitcoin.

2. This move is part of the investment strategy of Metaplanet, which currently holds a total of approximately 161.3 Bitcoins.
3. Bitcoin has gained nearly 3% in the past 24 hours, trading above the $63,000 mark, according to CoinMarketCap data. The total cryptocurrency market capitalization surged 2.13% to $2.32 trillion.
4. Metaplanet, along with other major global companies such as Microstrategy, have added significant amounts of Bitcoin to their portfolios as part of broader strategies to hedge against economic uncertainty.
5. Metaplanet plans to issue 1 billion yen of bonds to raise funds to increase its holdings of Bitcoin, following the example of MicroStrategy in raising funds for Bitcoin investments.
6. Metaplanet purchased 20.195 Bitcoins at an average price of 9,903,441 JPY (~$61,492), for a total amount of 200M JPY (~$1.24M).
7. Currently, Metaplanet holds a total of 161.3 Bitcoins (approximately $10.1 million worth) at an average price of 10.2 million yen (approximately $63,326) per Bitcoin.
8. With the yen continuing to depreciate, Metaplanet turns its attention to Bitcoin. As of this writing, USD/JPY is trading at 161.10 yen.
9. As the yen continues to weaken, more companies may start to consider Bitcoin as an alternative, as Japan offers a crypto-friendly atmosphere and starts to solidify itself as an emerging Web3 hub.

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