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.