Metaplanet’s Bitcoin Acquisition Boosts Stock Value by 487% in YTD

Metaplanet, a publicly traded company listed on the Tokyo Stock Exchange, has made waves in the crypto market with its recent Bitcoin acquisition. The company purchased an additional 136 BTC worth approximately $15.2 million, expanding its holdings to a total of 20,136 BTC. This significant purchase has contributed significantly to Metaplanet’s stock performance, resulting in a year-to-date gain of almost 487%. Analysts believe this growth is attributed to the increasing interest from corporations in Bitcoin.