Japanese investment firm Metaplanet has increased its Bitcoin holdings to over $2 billion, now holding 17,595 BTC. The company plans to raise an additional $3.7 billion to continue its aggressive accumulation strategy, mirroring the playbook of MicroStrategy.
Europe's Blockchain Group and UK's Smarter Web Co. increased their Bitcoin stashes. The Blockchain Group purchased 116 Bitcoin, while Smarter Web Co. added 226.42 Bitcoin to its holdings.
While some companies have embraced Bitcoin as a strategic asset, tech giants Meta, Amazon, and Microsoft have resisted the trend, rejecting proposals to add the cryptocurrency to their corporate treasuries. This decision is driven by several key factors that underscore the challenges of adopting Bitcoin in the financial operations of large corporations . One of the primary reasons is Bitcoin's extreme volatility .
