Japan’s Metaplanet up 6% as Bitcoin stack nears 400 BTC
Metaplanet’s stock has jumped 480% since it unveiled its Bitcoin strategy in April, but the firm is down 13% on its investment.
Japanese investment firm Metaplanet has purchased more Bitcoin, bringing its stack to nearly 400 Bitcoin and sending its share price on a 5.9% rally on the Tokyo Stock Exchange.
The firm said on Sept. 10 that it purchased 38.46 Bitcoin (BTC) for $2.1 million (300 million Japanese yen) bringing its total stash to 398.8 Bitcoin — worth $23 million.
It’s Metaplanet’s tenth Bitcoin purchase since its first on April 23, according to Bitcoin Treasuries data.
Go to Source
Author: Brayden Lindrea
