• 15 October, 2024
Bitcoin

Metaplanet Shares Soar 16% Following Acquisition of 107 Bitcoin

Metaplanet shares jumped 16% to 1,105 yen ($7.38) after the firm announced a purchase of 107 Bitcoin for nearly $6.7 million, raising its total holdings to 855.5 BTC valued at over $56.1 million. The company has made multiple Bitcoin purchases this month, inspired by MicroStrategy's strategy, and now holds the 23rd largest Bitcoin stash among public companies. Metaplanet's investment strategy includes utilizing various capital market instruments.

Read Previous

Sui Foundation Denies Insider Token Sales Amid $400M Claims