Metaplanet, a Tokyo-listed company, announced the purchase as part of a broader strategy it unveiled on August 8.
The firm had secured a 1 billion yen ($6.8 million) loan specifically to acquire more bitcoin. With this recent purchase, the company has now fully utilized the loan, achieving its goal of purchasing 1 billion yen worth of bitcoin.
The decision to adopt Bitcoin as a strategic treasury reserve asset was first announced by Metaplanet in May.
At that time, the company cited sustained economic pressures in Japan, including high government debt levels, prolonged periods of negative real interest rates, and a weakening yen, as key factors influencing its decision.
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