#MetaplanetNews

Metaplanet shares jump 12% on $104m Bitcoin purchase

Japanese investment firm Metaplanet has increased its Bitcoin holdings by 1,004 BTC, bringing the total reserve to 7,800 BTC.

Tokyo-listed investment firm Metaplanet has expanded its Bitcoin (BTC) holdings with a new purchase of 1,004 BTC, bringing its total reserves to 7,800 BTC.

In a regulatory filing on May 19, Metaplanet disclosed that the latest buy, valued at around $104 million, was made at an average price of $97,182 per BTC, placing the company’s total Bitcoin investment at approximately $712.5 million to date.