Metaplanet Stock Soars 12% After $104 Million Bitcoin Acquisition

Japanese investment firm Metaplanet Inc. saw its stock surge by 12.6%, closing at 702 yen – its highest point in over three months – after acquiring a significant chunk of Bitcoin, valued at $104.3 million. This latest move pushes their total Bitcoin holdings to an impressive 7,800 BTC, signaling a bold commitment to Bitcoin and a shift in investment strategy for the firm. Metaplanet’s stock has also gained over 101% in the past month, reflecting a significant boost in investor confidence in their approach to digital assets.