Japan’s Metaplanet makes $7M Bitcoin buy, bringing holdings to $40.5M
The Japanese investment firm has scooped up more than 200 Bitcoin so far this month.
Japanese investment company Metaplanet made another Bitcoin purchase, bringing its stash to almost 640 Bitcoin and sending its stock surging more than 10%.
On Oct. 7, Metaplanet announced its latest Bitcoin purchase after the Tokyo-listed firm scooped up another 108.78 Bitcoin (BTC), worth about $6.92 million at its current price of around $63,600.
Metaplanet, which has been dubbed “Asia’s MicroStrategy” after the American BTC-buying firm, has been aggressively acquiring BTC and amassed more than 215 BTC over the week, following a 107.91 BTC purchase on Oct. 1.
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Author: Martin Young
