Metaplanet Acquires 1 Billion Yen ($6.4 Million) in Bitcoin, Holds 246 BTC, Joins 'Bitcoin for Corporations' Initiative

Metaplanet, a publicly traded blockchain company on the Tokyo Stock Exchange, has completed a substantial Bitcoin acquisition, purchasing 1 billion yen (approximately $6.4 million) worth of Bitcoin. This purchase has increased its total Bitcoin holdings to 246 BTC. In addition to this acquisition, Metaplanet has joined the 'Bitcoin for Corporations' Initiative, aimed at promoting the adoption of Bitcoin both in Japan and globally. This initiative is supported by various partners, including MicroStrategy, which has been influential in encouraging corporations to include Bitcoin on their balance sheets.