Friday, December 6, 2024
Home > News > Bitcoin News > Metaplanet Follows MSTR’s Lead, Announces Debt Sale for Additional Bitcoin (BTC) Purchases

Metaplanet Follows MSTR’s Lead, Announces Debt Sale for Additional Bitcoin (BTC) Purchases

Metaplanet started buying BTC in April this year as a hedge against Japan’s debt issues and volatility in the yen. Since then, it has accumulated 1,018 BTC worth $92.33 million, according to data source Bitcoin Treasuries. The company has also used options strategies to boost its holdings.

Source