Metaplanet Inc., a Tokyo-listed investment firm, has purchased an additional 555 Bitcoin for approximately $49.6 million, bringing its total holdings to 5,555 BTC, valued at around $370 million. This acquisition aligns with the easing of trade tensions between the U.S. and China, as trade talks are set to resume with China cautioning against coercive tactics. The purchase is part of Metaplanet's broader strategy to invest heavily in Bitcoin amid global economic uncertainty. The firm also plans to establish a wholly owned subsidiary in Florida, aiming to raise $250 million to further bolster its Bitcoin treasury. CEO Simon Gerovich highlighted the strategic shift to engage U.S. institutional investors and provide around-the-clock operations. Metaplanet's aggressive Bitcoin accumulation strategy has been part of its efforts to navigate the volatile macroeconomic landscape, where Bitcoin and gold are seen as safe-haven assets.

Source đź”—