#MetaplanetBTCPurchase Metaplanet's shares rose by 21% after its latest purchase of more Bitcoin coincided with U.S. President Donald Trump's push for a strategic reserve of cryptocurrencies that includes BTC and four other major cryptocurrencies.
Metaplanet announced today the purchase of an additional 156 BTC worth $13.4 million, causing its shares to soar ¥700 to ¥4,010 at 1:17 AM EST, according to data from Google Finance.
Donald Trump ordered yesterday the inclusion of Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) in a new planned Cryptocurrency Strategic Reserve.
The recently acquired Bitcoin was purchased for approximately $85,890 per coin. With this latest purchase, the company's holdings amount to 2,391 BTC, according to a statement released today by the company.
Since April of last year, when the investment firm began buying the largest cryptocurrency by market capitalization, Metaplanet has purchased around 54,537,025,692,196.3 million in Bitcoin.
The company's average purchase price of BTC is $82,100 per coin. With BTC trading at $92,921.60 at 1:20 AM EST after an 8% increase, the company's unrealized gain from Bitcoin exceeds 13%.