Japanese publicly traded company Metaplanet has recently purchased an additional ¥500 million (approximately $3.7 million) worth of Bitcoin.

This acquisition boosts the company’s total holdings to 360.368 bitcoins. The investment is part of Metaplanet’s strategy to increase its Bitcoin reserves, following a ¥1 billion loan secured for this purpose.

This move aligns with the growing trend of public companies using Bitcoin as a treasury reserve asset. Metaplanet’s total investment in Bitcoin now amounts to ¥3.45 billion.

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