Japan’s MicroStrategy Buys More Bitcoin

2 months ago 26558

ARTICLE AD BOX

Alex Dovbnya

Japan’s MicroStrategy keeps buying more Bitcoin

Japan’s MicroStrategy Buys More Bitcoin

Cover image via www.freepik.com

Japanese publicly traded company Metaplanet has expanded its Bitcoin buying spree, according to a Monday announcement.

The company has bought an additional 38.464 BTC for ¥300 million (roughly $2 million at press time).

As reported by U.Today, Metaplanet’s previous Bitcoin purchase took place on Aug. 20. Back then, it purchased

The cryptocurrency-friendly now holds 398.832 Bitcoins.

Metapanet, which used to be a failing business venture managing low-cost hotels, pivoted to a Bitcoin strategy back in May.

In other news, Japan’s largest power company recently started using excess green power for mining Bitcoin.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].