On Monday, the Japanese stock market suffered its worst one-day drop since 1987. An adjustment by the Bank of Japan – raising rates on short-term government bonds from 0% to 0.25% – triggered a chain reaction that shook global markets.
Despite the market downturn, Metaplanet has also revealed its intention to employ a range of capital market instruments strategically to bolster its Bitcoin reserves, mirroring MicroStrategy’s approach.
In its recent earnings call, MicroStrategy reported that it has expanded its Bitcoin holdings to 226,500 bitcoins as of July 31. Since entering Bitcoin in April, Metaplanet has held approximately 246 Bitcoins worth around $13.4 million.