Japanese investment firm Metaplanet plans to sell one billion yen in bonds to purchase Bitcoin, boosting its holdings from 141 to around 241 BTC. The move is part of a long-term strategy to increase cryptocurrency investments.
Metaplanet's stock prices surged by 11.5% after the announcement, reflecting a 500% increase in stock performance this year. The decision comes amidst a short-term slump in Bitcoin's price, with predictions of a potential rise beyond $72,000.
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