Tokyo Stock Exchange-listed company METAPLANET has purchased 117.7 bitcoins valued at $7.19 million as part of its strategic reserve assets. This move is a direct response to the ongoing economic pressures in Japan, particularly high government debt levels, long-term negative real interest rates, and the resulting weakness of the yen. METAPLANET is an early-stage investment firm currently focusing solely on bitcoin and commercial real estate.

Since April, Metaplanet, a company listed on the Tokyo Stock Exchange, has purchased 117.7 bitcoins valued at $7.19 million. "Metaplanet has designated bitcoin as a strategic reserve asset. This move is a direct response to Japan's ongoing economic pressures, particularly high government debt levels, long-term negative real interest rates, and the resulting weakness of the yen," the company stated. Metaplanet is an early-stage investment firm currently focusing solely on bitcoin and commercial real estate. (CoinDesk)

METAPLANET is using Bitcoin as a strategic reserve asset to cope with economic pressures in Japan.