Metaplanet Stock Surges 21% After Purchasing 156 BTC at $86,151
Flash
March 3, 2025 2:07 PM
In Brief
Metaplanet's stock rose 21.15% after announcing a new Bitcoin (BTC) purchase.
The company acquired 156 BTC at an average price of $86,151, bringing its total holdings to 2,391 BTC.
Japanese publicly traded company Metaplanet saw its stock price jump 21.15% today following the announcement of a new Bitcoin acquisition. The company purchased 156 BTC for 2.021 billion yen, with an average price of 12,952,147 yen ($86,151) per BTC.
With this latest purchase, Metaplanet now holds a total of 2,391 BTC, accumulating a total investment of 29.828 billion yen into the asset. The company's aggressive Bitcoin strategy mirrors that of firms like MicroStrategy, reinforcing its long-term bullish stance on BTC.
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