tldr; Metaplanet Inc., a Tokyo-listed firm, has acquired an additional 108.999 Bitcoin for $6.5 million, bringing its total holdings to 748.502 BTC. This move is part of a sophisticated strategy involving selling put options to generate yield. The company has invested $46.8 million in Bitcoin this month, positioning itself as a major player in Asia alongside Nexon and Meitu. Metaplanet’s approach mirrors that of MicroStrategy, emphasizing Bitcoin as a core asset for its treasury, and capitalizes on the strong Japanese yen.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Metaplanet copy trading microstrategy’s one.
tldr; Metaplanet Inc., a Tokyo-listed firm, has acquired an additional 108.999 Bitcoin for $6.5 million, bringing its total holdings to 748.502 BTC. This move is part of a sophisticated strategy involving selling put options to generate yield. The company has invested $46.8 million in Bitcoin this month, positioning itself as a major player in Asia alongside Nexon and Meitu. Metaplanet’s approach mirrors that of MicroStrategy, emphasizing Bitcoin as a core asset for its treasury, and capitalizes on the strong Japanese yen.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.