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Topic: metaplanet

A physical representation of a bitcoin
New Crypto
Thursday, 7/2, 09:44 AM

Metaplanet Keeps Buying Bitcoin as the Treasury Model Faces Doubts

  • Metaplanet, a Japanese company that has reinvented itself as a bitcoin holder, bought about 2,823 more bitcoin in the second quarter, lifting its stash to roughly 43,000 BTC — one of the largest corporate hoards in the world.
  • It is doubling down on the 'bitcoin treasury' strategy just as skeptics question the model and bitcoin trades well below its buying price.

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