A little-known Japanese investment company made headlines Bitcoin Buys have just captured more of the largest cryptocurrencies.

Metaplanet, which is traded on the Tokyo Stock Exchange, Announce On Monday it purchased 619.7 bitcoins for a total of 9.5 billion yen ($60.5 million) — the largest single purchase of the orange currency.

Just last week, Meta Planet He said It will accelerate Bitcoin purchases by issuing debt. As of Monday, she owned 1,761.98 BTC. That's over $164 million in the largest digital assets at today's prices.

The company is copying the model created by American software company MicroStrategy, which was launched in 2020 Purchase started Bitcoin as a strategy to get the best value for money for shareholders. She now owns 444,262 bitcoins - worth more than $41 billion - after that Most recent purchase.

MicroStrategy is securitizing bitcoin, buying the asset and allowing investors exposure to it through its Nasdaq-listed shares.

But in Japan, not everyone who deals with Metaplanet may be happy with the company's MicroStrategy copy: the company's stock It decreased severely last week following news that the company would become a “bitcoin treasury” with “leading responsibility for the country’s bitcoin ecosystem.”

Bitcoin is Currently trading For $92,625 per coin, which represents a decline of more than 3% over 24 hours and a decline of 13% over seven days, CoinGecko data shows.

Modified by Andrew Hayward