Metaplanet Shares Spike 22% on Latest Bitcoin Purchase
Metaplanet firm buys 21.88 Bitcoin for $1.2 Million, boosting holdings to 225.6 BTC, now valued at $14.6M.
Metaplanet's share price jumped 22% on the Tokyo Stock Exchange after the Bitcoin (BTC) purchase news came.
Bitcoin's 4.4% price rise helps Metaplanet's stock surge high in early trading sessions.
Since adopting a Bitcoin strategy in April 2024, Metaplanet's stock price has increased nearly six-fold.
Metaplanet uses a Bitcoin (BTC) investment strategy to hedge against Japan's debt and depreciating yen.
Bitcoin price is trading at $63,425, up 10.29% over the last week with a market cap of $1.25 Trillion at the time of writing.
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