Metaplanet’s stock saw a surge of 4% despite the ongoing decline in the Bitcoin market, as investors capitalize on the company’s recent Bitcoin acquisition and positive performance indicators. With a record Q2 marked by strong financial results, Metaplanet has fueled investor optimism. The recent purchase of 775 BTC for $93 million further bolsters their Bitcoin holdings, increasing their total to 18,888 BTC – effectively positioning them as one of the largest Bitcoin-holding companies globally. The company’s stock price rebounded after dipping following a selloff in Bitcoin price. This recovery comes alongside signals from technical indicators such as RSI, suggesting an upcoming market turnaround for Metaplanet.