Metaplanet Acquires 20.20 More Bitcoins Amid Japan’s Economic Uncertainty

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Metaplanet Acquires 20.20 More Bitcoins Amid Japan’s Economic Uncertainty - Coinpedia

Quick Summary:

So far they’ve invested a whopping 1 billion yen (about $6.26 million) in Bitcoin, ditching low-interest bonds for the world’s most famous cryptocurrency, using proceeds from its second issuance of ordinary bonds, which carry an annual interest rate of 0.

The increased adoption of Bitcoin by institutional investors has led to a notable decrease in BTC available on centralized exchanges.

Despite this changing sentiment, large investors (whales) are accumulating Bitcoin, which often leads to price rebounds.