Author: Abhinav

Japanese investment firm Metaplanet has expanded its Bitcoin holdings by acquiring 38.464 BTC, valued at approximately 300 million yen ($2 million). This latest purchase brings the Tokyo-listed company’s total Bitcoin holdings to 398.832 BTC, which is worth around 3.75 billion yen ($26 million), according to the firm’s statement. Strategic Expansion Amidst Growing Confidence Metaplanet’s decision to bolster its Bitcoin reserves reflects increasing confidence in the cryptocurrency. At the time of the purchase, Bitcoin was trading at $56,732, showing a 3.12% increase over the past 24 hours, although it had previously dipped to $52,700 earlier in the week. Stock Market Reaction…