Japanese Firm Metaplanet Expands Bitcoin Holdings, Stock Prices Surge

Japanese company Metaplanet has increased its Bitcoin (BTC) holdings by 20.8 BTC, valued around $1.27 million, reflecting the positive trends in the cryptocurrency market.

This latest acquisition raises Metaplanet’s total Bitcoin reserves to 245.99 BTC, worth approximately $15.5 million.

The firm had previously announced plans to buy Bitcoin worth 1 billion yen, utilizing capital from bond issuance.

This strategic move follows Metaplanet’s decision to use BTC as a treasury reserve asset due to Japan’s prolonged economic challenges, including high government debt and persistent negative interest rates.

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Metaplanet’s stock has experienced a significant boost, climbing 20.69% following the recent Bitcoin purchase announcement.

The company’s stock has shown a 59% increase this week and an 84% rise over the past month, reflecting heightened interest in digital assets. Bitcoin’s price has also surged to $67,668, up 7.43% over the last week.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.