Asia’s Microstrategy? Metaplanet’s Bold $1B Bitcoin Bet

Metaplanet, dubbed Asia’s “Microstrategy,” plans to purchase 1 billion yen worth of Bitcoin using proceeds from its second series of ordinary bonds. This decision was reached during a recent Board of Directors meeting. The Japanese firm also disclosed its policy for recording and evaluating its Bitcoin holdings, classifying them as long-term or operational. For Bitcoin The post Asia’s Microstrategy? Metaplanet’s Bold $1B Bitcoin Bet appeared first on Coin Edition .

Source: Coin Edition