Metaplanet Expands Bitcoin Holdings Amid US-China Trade Talks
- Metaplanet acquired an additional 555 Bitcoin, totaling 5,555 BTC.
- The purchase was valued at $49.6 million, increasing total holdings to over $482 million.
- The acquisition aligns with Metaplanet’s strategy to convert capital into Bitcoin.
- China and the U.S. are set for trade talks in Switzerland from May 9-12.
- China warned against “coercive and blackmailing tactics” in negotiations.
Japan’s Metaplanet Inc. has expanded its Bitcoin reserves by purchasing an additional 555 BTC for $49.6 million, amid upcoming trade discussions between China and the U.S., scheduled for May in Switzerland. China emphasized mutual respect as a condition for these talks.
Source (2.6)https://decrypt.co/318289/metaplanet-buys-bitcoin-easing-us-china-trade-tensions?rand=52368