# Aggressive BTC Strategy: Metaplanet Buys Bitcoin Worth $2 Million

Alright, folks, let's dive into the latest developments regarding Metaplanet's aggressive Bitcoin strategy. The company has made another significant Bitcoin purchase. So, buckle up and let's get into it.

## Aggressive BTC Strategy: Metaplanet Buys Bitcoin Worth $2 Million

Metaplanet, known as the "Japanese MicroStrategy," continues to make headlines with its aggressive Bitcoin strategy. The company has purchased 38.4 Bitcoin for 300 million Japanese Yen, equivalent to $2 million, at an average price of around $54,400 per Bitcoin.

In a press release, the Tokyo Stock Exchange-listed company announced that this latest purchase increases its total Bitcoin holdings to 398.8 BTC, currently valued at $26 million.

The company's strategy is modeled after that of Bitcoin maximalist Michael Saylor's MicroStrategy, although the scale is significantly different. MicroStrategy holds over 226,000 BTC, representing more than 1 percent of the total circulating Bitcoin supply.

“This move is a direct response to the economic pressure in Japan, particularly the high national debt, persistent negative real interest rates, and the weak yen,” Metaplanet explained when it started its BTC purchases.

Meanwhile, Bitcoin is trading at $56,860, up 3.63 percent in the past 24 hours. On a weekly basis, the BTC price is still down 3.56 percent.

Since announcing its Bitcoin strategy, Metaplanet's stock price has skyrocketed. This year alone, the company's stock has surged by a spectacular 511 percent in yen terms.

In comparison, Bitcoin has gained 34.5 percent in USD terms or 31.3 percent in yen terms since the beginning of the year, according to TradingView. The yen has significantly depreciated against other fiat currencies since mid-July.

Despite its bold Bitcoin purchases, Metaplanet does not rank among the wealthiest Bitcoin holders.

## The Bottom Line

So, there you have it, folks. Metaplanet continues its aggressive Bitcoin strategy, making significant purchases. Whether you're a seasoned crypto investor or just starting out, it's important to stay informed and stay vigilant.

Crypto is a wild and exciting world, but it's also a complex one. So, always do your own research, consult with professionals, and remember that what goes up can also come crashing down.

## Disclaimer

Alright, folks, before we wrap up, it's time for the obligatory disclaimer. This article is for entertainment and educational purposes only. It's not financial advice, and I'm not your financial advisor. Always do your own research and consult with a professional before making any investment decisions.

Crypto is a wild and unpredictable beast, and what goes up can just as easily come crashing back down. So, be smart, be cautious, and most importantly, have fun out there. After all, isn't that what life's all about?

Until next time, stay curious, stay informed, and keep your eyes on the prize. The world of finance is waiting, and it's a wild ride. So, buckle up and let's enjoy the journey together.

Happy investing, folks!

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