Japan’s Metaplanet buys another $6.7 million worth of Bitcoin

The company adopted bitcoin as a reserve asset in May as a hedge against volatility in Japan’s native currency. It now has the second-largest bitcoin holdings among listed companies in Asia, after Hong Kong-based tech firm Meitu (1,357), which holds about 941 BTC, according to Bitcoin Treasuries. Both companies follow Tysons Corner, Virginia-based MicroStrategy, which has more than 252,000 and is the largest publicly traded owner of the token.