• 16 October, 2024
Bitcoin

Metaplanet Buys $7M in Bitcoin, Bringing Holdings to $40.5M

Japanese investment firm Metaplanet has purchased an additional 108.78 Bitcoin, bringing its total holdings to nearly 640 BTC and boosting its stock price by over 10%. This acquisition, valued at approximately $6.92 million, follows a week of aggressive buying, totaling more than 215 BTC. On October 7, Metaplanet's shares surged over 11% hitting an intraday high of 1,047 Japanese yen. Since its adoption as a treasury reserve in May 2024, Bitcoin stock has tripled.

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