Tokyo, Japan, Thursday, July 25, 2024 – Japanese investment and consulting firm Metaplanet recently announced the purchase of an additional $1.2 million worth of bitcoin (BTC), pushing its total holdings to 245.99 BTC.
The news sent the company’s stock price surging 21% during morning trading on Monday.
The latest purchase fulfills Metaplanet’s previously announced plan to allocate 1 billion yen (approximately $6.26 million) towards acquiring bitcoin.
Investors reacted positively to Metaplanet’s continued commitment to bitcoin.
The company’s stock price jumped 21% the morning when the news broke out, highlighting the potential for increased investor interest in firms embracing cryptocurrency assets, according to reports.
